All Articles Tagged - GBPUSD

Week Ahead – US inflation in the spotlight again, UK GDP eyed too

Posted on February 4, 2022 at 12:22 pm GMT

The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the pound’s rally lost steam after the Bank of England sent some mixed signals on the economy. The kiwi might find some love should the RBNZ’s own survey show inflation expectations are creeping higher in New Zealand. However, with earnings releases [..]

Daily Market Comment – ECB flips the hawkish switch, US jobs coming up

Posted on February 4, 2022 at 9:36 am GMT

Nonfarm payrolls likely to disappoint, might even turn negative ECB opens door for rate hikes and faster taper, euro soars BoE raises rates, announces balance sheet reduction Weak payrolls unlikely to keep dollar down The latest US employment report will be in the spotlight today. Nonfarm payrolls are forecast to have risen by 150k in January, but market participants are probably positioned for a much weaker print by now. Nonfarm payrolls are calculated from survey data that is collected in [..]

US Open Note – Euro in lively bullish party after ECB; BoE fails to boost pound after rate hike

Posted on February 3, 2022 at 2:27 pm GMT

Bank of England hikes rates Abandoning its communication fiasco of late last year, the Bank of England (BoE) delivered its first back-to-back rate increase in almost two decades, lifting interest rates by 25 basis points to 0.50% as widely expected. Consistent with its guidance, the committee also judged that it should cease reinvesting the maturing government bond purchases of its portfolio in a gradual and predictable manner, reiterating that it would initiate the process of selling (quantitative tightening) once the [..]

Daily Market Comment – BoE and ECB decisions in the spotlight

Posted on February 3, 2022 at 9:58 am GMT

Bank of England to raise rates, pound will be driven by rate path European Central Bank could adopt a more optimistic tone Stock markets edge higher but Facebook shares tank BoE primed for action The Bank of England will most likely forge ahead with raising rates when it concludes its meeting today. Markets have fully priced in a quarter-point rate hike that would lift the Bank Rate to 0.5%, a level which policymakers previously indicated as the threshold to begin [..]

Technical Analysis – GBPUSD’s positive mood gains strength

Posted on February 2, 2022 at 4:09 pm GMT

GBPUSD has nudged above the Ichimoku cloud and over the 100-period simple moving average (SMA) at 1.3560 and appears to be sustaining its optimistic tone from the bounce off the 1.3356 level. The SMAs are not reflecting a driving trend but the negative slopes of the 50- and 100-period SMAs have diminished to a degree. The Ichimoku lines are indicating positive forces are growing, while the short-term oscillators are confirming upside momentum is persisting. The MACD is soaring above its [..]

Daily Market Comment – Improving risk appetite keeps dollar on the defensive

Posted on February 2, 2022 at 10:03 am GMT

Furious recovery in equity markets continues Dollar retreats, sterling shines ahead of BoE Oil awaits OPEC, more earnings and data eyed Optimism returns Equity markets seem to have shaken off the blues that dominated trading in January. With the resilience in corporate earnings confirming the real economy is still in good shape, investors are coming around to the view that markets can live with higher interest rates even if that means more frequent bouts of volatility. Wall Street advanced for [..]

Pound braces for first back-to-back rate hike by BoE since 2004 – Forex News Preview

Posted on February 1, 2022 at 10:56 am GMT

The Bank of England is widely anticipated to raise interest rates to 0.50% on Thursday when it announces its decision at 12:00 GMT. Having already lifted the Bank Rate in December, the expected hike in February would make it the first time since 2004 that the BoE has tightened policy in two meetings in a row, underscoring not only the urgency to cap price growth but also just how long it’s been when inflation was last such a big threat. [..]

Technical Analysis – GBPUSD keeps moving up in short-term; next obstacle at 1.3500

Posted on February 1, 2022 at 7:43 am GMT

GBPUSD is flirting with the 40-day simple moving average (SMA) after the pullback off the 1.3360 support level, remaining within the Ichimoku cloud. The recent upside move is recovering the declining move from the 1.3750 barrier. According to technical indicators, the RSI is approaching the 50 level with weak momentum, while the stochastic oscillator posted a bullish crossover within its %K and %D lines in the oversold territory. Both are suggesting a positive movement in the short-term timeframe. If the [..]

US Open Note – Stocks to log a sharp monthly loss; Aussie picks up steam ahead of RBA

Posted on January 31, 2022 at 2:20 pm GMT

Stock indices consolidate January’s heavy losses; Eurozone bond yields spike January has been a rough month for global stock markets as more central banks prioritized their price objectives amid the inflation storm, with the Fed finally taking investors’ side and hinting at a faster pace of rate increases this year. Of course, US earnings releases have not demonstrated any panic so far even though companies keep facing supply constraints, but the reversal of easy-money policies in the near future is [..]

US Open Note – Market in a volatile day; dollar surges to more than 1 ½ -year high

Posted on January 28, 2022 at 1:55 pm GMT

PCE price index ticks up; Rates in US rise December’s PCE data came into focus today from investors. The core PCE price index rose from 4.8% to 4.9% year-on-year. Currently, it is the highest since September 1983 and well above the Fed’s 2% goal rate. Personal income and spending also came in at 0.3% and -0.6% m/m respectively. Because of the widespread distribution of the omicron variety, retail sales and consumption decreased in December of last year. Rates in the United States are rising, [..]

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