All Articles Tagged - GBPUSD

Daily Market Comment – Yen sinks again as soaring yields lift dollar; oil hit by Shanghai lockdown

Posted on March 28, 2022 at 9:29 am GMT

BoJ steps in to preserve yield target as US 10-year jumps to 2.55%, dollar/yen shoots up Equities mixed as tepid optimism for Russia-Ukraine talks overshadowed by recession fears Oil prices slip again as China locks down Shanghai amid virus spike Yen goes back into freefall as BoJ defends yield ceiling After a short-lived bounce-back, the Japanese yen resumed its freefall in currency markets on Monday, sinking against all of its major peers. The latest nosedive came after the Bank of [..]

Daily Market Comment – Yen swings higher, oil slips, stocks lack direction as war drags on

Posted on March 25, 2022 at 10:30 am GMT

EU refrains from banning Russian energy imports, shoring up euro but pushing oil lower Yen bounces back as BoJ absent from bond market, officials remark on FX stability Global equities go in different directions as geopolitical chaos blights outlook NATO, EU summits bring relief for euro but pain for oil The back-to-back meetings of NATO, G7 and EU leaders in Brussels on Thursday may have been a great show of Western unity against Russia’s actions in Ukraine, but they changed [..]

US Open Note – US data enhance dollar as NATO summit begins

Posted on March 24, 2022 at 2:50 pm GMT

NATO summit could set the next phase in geopolitical crisis World leaders are attending a series of summits in Brussels on Thursday, as NATO, the G7 and European Union hold crisis talks over Ukraine. US President Joe Biden will take part in all three meetings amid a backdrop of destruction in Ukraine, frozen global business transactions, and rising energy and fertilizer prices. The ongoing Ukrainian geopolitical crisis is already developing into another inflation nightmare thanks to the sanctions war, and [..]

Daily Market Comment – Stocks inch higher, yen on a slippery slope ahead of NATO summit

Posted on March 24, 2022 at 10:38 am GMT

Markets await West’s next move on Russia as Biden in Brussels for NATO summit Stocks mostly up on solid PMIs despite yields also paring yesterday’s losses Yen extends slide, dollar keeps grinding higher as more hawkish Fed talk eyed Cautious mood as fresh sanctions likely during Biden trip It’s been a relatively calm but mixed start to the day as investors are waiting to see what new measures NATO leaders will agree on to curb Russia’s advances into Ukraine. US [..]

US Open Note – Pound unsurprised by Sunak’s mini budget; stocks moderately down

Posted on March 23, 2022 at 1:58 pm GMT

Gold steady, bond yields decelerate The military disaster in Ukraine remained mainly unchanged on Thursday, making investors wonder whether the ongoing talks between Russian and Ukrainian officials are indeed aiming for a ceasefire or are just a channel to persuade the opposite side to give up on its conditions. The next landmark on the geopolitical crisis will be the extraordinary NATO summit in Brussels on Thursday at the level of Heads of states and Governments, including the group of Seven and the [..]

Pound set for a busy week ahead – Forex News Preview

Posted on March 22, 2022 at 5:26 pm GMT

It will be a packed week for the British pound. The Chancellor of the Exchequer Rishi Sunak will present his spring statement before the parliament on Wednesday. UK CPI inflation figures will be published on the same day at 07:00 GMT, while on Thursday and Friday, investors will pay attention to flash Markit/CIPS PMI data (09:30 GMT) and monthly retail sales (07:00 GMT) respectively to get more evidence on the economy. The war in Ukraine is clouding the outlook for [..]

US Open Note – US stocks positive tone endures

Posted on March 22, 2022 at 2:53 pm GMT

Dollar booster delivered by Fed Chairman Powell stuns sentiment After last week’s 25 basis points hike from the Federal Reserve, markets are still absorbing messages regarding Fed tightening, inflation and geopolitical developments. Sentiment remains shaky and reliant on positive developments out of the Ukraine conflict, while the growing hawkish rhetoric and stance from Chairman Powell has fired up US yields, aiding the dollar to flash green for a third day in a row. The 10-year yield is at 2.33% and [..]

Technical Analysis – GBPUSD pulls below 1.3200; bearish but not too bearish

Posted on March 22, 2022 at 8:35 am GMT

GBPUSD came under fresh selling pressures after its rebound off 1.3000 touched the 20-day simple moving average (SMA) and the 1.3200 round level, with the price decelerating to an intra-day low of 1.3119 on Tuesday. The pair is also struggling to preserve strength above the 23.6% Fibonacci retracement of the 1.1409 – 1.4248 up leg at 1.3163. The fast Stochastics have pivoted southwards near their 80 overbought level, reflecting fading buying interest. However, with the RSI maintaining its upward trajectory within the [..]

Technical Analysis – GBPUSD improvements struggle around 1.32 level

Posted on March 21, 2022 at 4:08 pm GMT

GBPUSD is tackling the falling 100-period simple moving average (SMA) along with the Ichimoku cloud’s upper band in the 1.3200 price vicinity. The descending longer-term 100- and 200-period SMAs are endorsing the negative picture in the pair, while the horizontal 50-period SMA suggests that buying pressures are countering the broader downward trend. The Ichimoku lines imply bullish forces are taking a minor breather, while the short-term oscillators convey an uptick in positive momentum. The MACD, in the positive section, has [..]

US Open Note – Dollar firms as central bank vibes linger

Posted on March 21, 2022 at 2:29 pm GMT

Spotlight falls on Fed Chairman Powell Markets are still absorbing last week’s hawkish FOMC and how the Fed’s tightening will unfold over the next year and where the Fed funds rate will peak, especially with the inflationary risks that continue to feed market uncertainty. That said, the US economy will likely be affected the least by the Ukraine conflict, and rate differentials are tipping the scale more in favour of the dollar. Although having eased a tad, the US 10-year [..]

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