All Articles Tagged - GBPUSD

Daily Market Comment – War trades lose steam amid hopes for a ceasefire

Posted on March 14, 2022 at 9:43 am GMT

Signs of progress in peace talks spread some cheer in markets Safe havens and crude oil cool down, stocks and euro bounce back Fed and Bank of England set to raise interest rates this week War trades power down Financial markets have turned into one gigantic ‘war trade’ in recent weeks. Politics has overshadowed economics, with most assets driven entirely by the conflict in Ukraine. This phenomenon is on full display today after negotiators on both sides signaled progress in [..]

US Open Note – Risk appetite improves on President’s Putin remarks

Posted on March 11, 2022 at 1:49 pm GMT

Alleged Putin comments improve market sentiment Global markets seem set to finish the week on a risk-on mode as the Russian President Vladimir Putin was reportedly cited saying that talks with Ukraine have been positive, offsetting yesterday’s defensive mood. This appears to have weighed on safe haven demand with the US dollar staying relatively flat against a basket of currencies, while the Japanese yen and gold have witnessed significant pullbacks on Friday. Moreover, US sovereign bond prices eased, sending the [..]

Week Ahead – Fed and BoE meet as inflation fears intensify

Posted on March 11, 2022 at 12:42 pm GMT

Global markets descended into turmoil after Russian forces rolled into Ukraine. Commodity prices have gone through the roof and traders are betting this shock will keep the inflationary fire burning for some time. The Fed and the Bank of England are set to raise interest rates next week to combat spiraling prices, although the most crucial variable for their respective currencies may be whether there’s a ceasefire in the war. One big trade Ever since the Russian invasion, financial markets [..]

Daily Market Comment – Mood sours again after Russia-Ukraine deadlock; dollar stands tall

Posted on March 11, 2022 at 10:01 am GMT

Lack of progress in Ukraine peace talks weighs on stocks again Euro slips as ECB’s hawkish surprise comes with a dovish twist Dollar hits 5-year high versus yen amid ongoing safe-haven appeal and Fed bets Fresh jitters after no progress in Ukraine talks Equity markets are feeling the strain of war again as talks between the Russian and Ukrainian foreign ministers in Turkey on Thursday went nowhere. Hopes that the two sides might reach some kind of a ceasefire agreement [..]

Technical Analysis – GBPUSD marks yet more lower lows as bearish forces linger

Posted on March 11, 2022 at 8:57 am GMT

GBPUSD continues its downward trend, reaching levels last seen back in November 2020 as negative momentum persists. Moreover, the pair continues to record successive higher lows and lower highs, reflecting an overall bearish outlook. Short-term momentum oscillators indicate a negative bias too, as the RSI is steady above its 30 oversold region. Also, the MACD is found below zero and its red signal line, which shows that the negative momentum in the price might be gaining further ground. With the [..]

Technical Analysis – GBPUSD points up from 16-month low; bullish correction on cards?

Posted on March 10, 2022 at 1:46 pm GMT

GBPUSD is rebounding from the 16-month trough of 1.3080, moving towards the next strong resistance of 1.3270. The technical indicators are confirming the recent upside movement. The RSI reversed higher from the oversold zone, moving with weak momentum, while the stochastic oscillator posted a bullish crossover within its %K and %D lines in the negative territory, suggesting that the next move could be to the upside rather to the downside. If buying interest remains intact, immediate barrier could be the [..]

Daily Market Comment – Buoyed sentiment ahead of peace talks; oil sinks on UAE supply signals

Posted on March 10, 2022 at 10:29 am GMT

Equities rally on hopes of a ceasefire as Russian and Ukrainian foreign ministers meet Oil recoups some losses after tumbling on possible supply increase by OPEC Euro drifts lower ahead of crucial ECB meeting, firmer dollar eyes US CPI data Cautious optimism for talks supports mood The first high-level talks between Russian and Ukrainian diplomats are due to take place later today, spurring some optimism in hard-trodden markets. The foreign ministers of Russia and Ukraine are meeting in Turkey and [..]

Can UK data provide some relief to battered sterling? – Forex News Preview

Posted on March 9, 2022 at 3:15 pm GMT

The pound has fallen victim to the market turmoil sparked by the Ukraine conflict, plunging more than 3.5% since late February when tensions with Russia started to rapidly escalate. Investors still expect that the Bank of England will go ahead with most of its planned rate hikes this year, but that’s likely to come at the expense of growth. Can the raft of economic indicators out of the UK on Friday (07:00 GMT) cast some positive light over the outlook? [..]

US Open Note – Dollar and US futures look steady; gold shines

Posted on March 8, 2022 at 1:49 pm GMT

Ukraine – Russia tensions; rouble continues the drop Russia-Ukraine peace talks have made no headway, and despite Germany’s resistance to a ban on Russian energy imports, oil futures have fallen from a 14-year high reached on Monday. Analysts expect the supply shock to linger and harm growth in the coming months. A convoy of buses are on their way to Mariupol to evacuate civilians from the southern port, which has been cut off from food, water, electricity, and heat for more [..]

Daily Market Comment – Stocks crushed by relentless rally in oil as Ukraine crisis deepens

Posted on March 8, 2022 at 10:10 am GMT

Commodities surge across the board, heightening fears about a global recession Crude oil hits $130 a barrel, gold soars past $2,000/oz, but dollar slightly softer today Selloff in euro and equities takes a breather for now after fresh lows Markets seek respite as fighting continues The fighting in Ukraine is intensifying and a third round of talks between Russian and Ukrainian officials has not led to much progress, but markets are nevertheless taking a breather from the recent turmoil on [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat