All Articles Tagged - GBPUSD

Daily Market Comment – Big tech defies Ukraine crisis to stage massive turnaround

Posted on February 25, 2022 at 10:25 am GMT

Wall Street in sharp reversal as fears over Ukraine fallout ease a little Global equities also perk up, dollar retreats slightly, but oil extends gains Immediate focus back on inflation and Fed policy ahead of US data Russia moves in on Kyiv but markets steadier for now After a highly turbulent week, the mood brightened somewhat on Friday even as the tragedy unfolded in Ukraine. Stock markets around the world were rebounding from yesterday’s dramatic selloff when Russia invaded Ukraine, [..]

Technical Analysis – GBPUSD crosses below its SMAs as negative forces linger

Posted on February 25, 2022 at 8:44 am GMT

GBPUSD has witnessed a major pullback lately, crossing below its 50- and 200-period simple moving averages as negative forces strengthen. Moreover, both moving averages have started to point lower, endorsing the case for an outlook deterioration. The Short-term oscillators paint a negative bias for the pair as the RSI is currently well below its 50 neutral mark. Also, the MACD is found below zero and its red signal line, which indicates that the negative momentum in the price might be [..]

Daily Market Comment – Stocks crash, oil surges as Russia attacks Ukraine

Posted on February 24, 2022 at 10:14 am GMT

Markets in turmoil after Putin launches military assault on Ukraine Stocks tank, rouble plummets, while gold, oil and gas futures jump Dollar, yen and franc only gainers in FX sphere Fears of full-scale invasion as Ukraine crisis deepens Traders in Europe and around the world woke up to a dark day on Thursday after Russia’s latest actions confirmed the West’s worst fears about Ukraine. Russian President Vladimir Putin has ordered a “special military operation”, targeting military infrastructure in the east [..]

US Open Note – Mild sanctions improve the risk-on sentiment for now

Posted on February 23, 2022 at 1:32 pm GMT

Geopolitical ‘drama’ dominates the markets The West has implemented a set of sanctions against Russia after President Putin recognized the independence of the two breakaway regions in Ukraine, moving ‘peacekeeping’ troops into the area. The advance was interpreted as the beginning of an invasion by global leaders, as Moscow stressed that the region considered independent is not limited to the area controlled by the separatists, but extends to areas currently controlled by Kiev. However, initial sanctions were perceived to be [..]

Daily Market Comment – Modest sanctions help soothe fears about Ukraine fallout

Posted on February 23, 2022 at 10:19 am GMT

S&P 500 enters correction territory as sanctions on Russia mount But nerves later steady as market impact seen limited, oil and gold slip Kiwi jumps on hawkish RBNZ, aussie outperforms too as dollar stays soft Markets wary but less worried about Ukraine conflict The market mood steadied on Wednesday, having wavered on Tuesday as the Ukraine crisis unfolded, with the United States and its allies slapping sanctions on Russia for ordering troops into Ukraine’s separatist regions. Washington has made it [..]

Daily Market Comment – Stocks plunge, oil surges as Russian troops enter breakaway regions

Posted on February 22, 2022 at 10:27 am GMT

Escalating conflict in Ukraine ravages risk assets as stocks sink, Russian rouble tumbles Oil and metal prices soar on supply fears but gold stumbles FX markets relatively steady as Fed policy uncertainty holds dollar in tight range Equities tank as Russia, Ukraine on the brink of war Global stock markets sank deep into the red on Tuesday, extending Monday’s losses, with US equities likely joining the selloff today when Wall Street traders return from a long holiday weekend. US, UK [..]

Technical Analysis – GBPUSD holds within sideways channel above short-term SMAs

Posted on February 22, 2022 at 7:48 am GMT

GBPUSD has been developing within a trading range with upper boundary the 1.3640 resistance and lower boundary the 1.3485 support level over the last three weeks. The price tested the 1.3640 barrier several times as well as the upper Bollinger band with the technical indicators confirming a weak bias. The RSI indicator is moving sideways above the 50 level, while the MACD is trying to extend its positive move above its trigger and zero lines. A move to the upside may meet [..]

Daily Market Comment – Ukraine summit hopes lift euro, gold elevated but off highs

Posted on February 21, 2022 at 10:51 am GMT

Biden and Putin agree to hold talks as Russia and Ukraine on the brink of war Gold’s advance halted at $1,900/oz as risk tone recovers Euro is revived, strong PMIs help too; dollar and yen pull back Ukraine headlines remain in driving seat Simmering tensions over Ukraine continued to keep investors on edge at the start of the new trading week even as hopes of a peaceful resolution for the crisis were kept alive by a last-ditch effort by France. [..]

Week Ahead – PCE inflation, flash PMIs, RBNZ meeting lined up as Ukraine tensions linger

Posted on February 18, 2022 at 2:05 pm GMT

The Reserve Bank of New Zealand is poised to raise interest rates for a third time next week. But will it pull the 50 basis points trigger this time, setting a precedent for other central banks? In a week where PCE inflation numbers will be in focus in the United States, the RBNZ’s actions could have rippling effects for Fed policy speculation. Elsewhere, the flash PMI readings for February will be the centre of attention as consumers face a growing [..]

Weekly Comment – RBNZ and PMI data eyed as geopolitical tensions remain ‘hot’

Posted on February 18, 2022 at 1:48 pm GMT

Geopolitical tensions in Eastern Europe seem to be driving the risk-off sentiment in global markets. Moreover, Fed minutes have dialed back bets for an aggressive 50 basis points interest rate hike in March, hurting the US dollar. In the upcoming week, interest rate decisions from New Zealand and a raft of PMI data from most major economies take center stage, together with the US PCE price index and BoE’s Governor testimony. Highlights: Flash PMI data for February in the Eurozone, UK and Japan [..]

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