All Articles Tagged - GBPUSD

Technical Analysis – GBPUSD bearish risks overwhelm as positive divergence fades

Posted on January 28, 2022 at 1:26 pm GMT

GBPUSD is bouncing around a one-month low at 1.3356 but downward pressures quickly rejuvenated around the 1.3400 handle after the positive divergence subsided. The falling 50-period simple moving average (SMA) and the rolling over of the 100-period SMA are together sponsoring the decline in the pair. The Ichimoku lines are indicating that negative forces are livening up, while the short-term oscillators are sending conflicting messages in momentum despite the bearish bias. The MACD, some distance beneath zero, has marginally risen [..]

Week Ahead – Three central banks meet ahead of US jobs report

Posted on January 28, 2022 at 12:47 pm GMT

A busy week lies ahead. The Bank of England is widely expected to raise rates, the European Central Bank is unlikely to signal anything new, but the Reserve Bank of Australia could try to dampen rate hike bets. Over in America, markets have almost fully priced in five Fed rate increases for this year, so the latest edition of nonfarm payrolls could determine whether the dollar still has some miles left in the tank. BoE set for action The Bank [..]

Daily Market Comment – Wall Street’s pain not over but Apple offers hope, dollar stands tall

Posted on January 28, 2022 at 10:33 am GMT

US stocks swing into losses again but Apple pulls Nasdaq futures higher Fed fears continue to weigh on markets, dollar edges up to fresh highs Euro, aussie, kiwi lead FX losses, gold breaches $1,800/oz, but oil holds firm Stocks remain on slippery slope Wall Street’s latest attempt to bounce back from the January slump faltered again on Thursday, with all three main indices giving up earlier gains to slip into the red. Worries about persistent supply disruptions and rising costs, [..]

Technical Analysis – GBPUSD continues its retreat, marking yet more lower lows

Posted on January 28, 2022 at 8:31 am GMT

GBPUSD continues its retreat from its January high, marking consecutive lower lows as negative forces linger. Moreover, the pair is currently trading below its 50- and 200-period simple moving average (SMA) with the former looking ready to cross below the latter, reinforcing fears of a sustained bearish outlook. Short-term momentum indicators are supporting a negative bias as the RSI is found well below its 50 neutral mark. Also, the MACD is found below zero and its red signal line, which [..]

US Open Note – Dollar surges ahead of FOMC decision; stocks back in positive ground

Posted on January 26, 2022 at 1:54 pm GMT

Markets are gradually stabilizing, despite the fact that Russia-Ukraine tensions remain high. The two-day FOMC meeting concludes this afternoon. FOMC meeting ends today The Fed is widely expected to keep a hawkish stance as it prepares the market for a rate lift-off on March 15-16. This year’s three quarterly rate increases have already been factored into the market. In the absence of any new macro projections or Dot Plots, we expect Fed Chair Powell to make a very clear message [..]

Daily Market Comment – Stock selloff eases as Fed and BoC awaited

Posted on January 26, 2022 at 10:11 am GMT

Fed’s and BoC’s inflation-fighting credentials to be put to the test Dollar steady, yen pulls back as Fed and Ukraine jitters subside slightly Wall Street survives another rollercoaster session, Microsoft earnings lift futures Will Powell scare markets or soothe the panic? All eyes are on the Fed today as investors search for some much-needed policy guidance amid spiralling inflation, growing doubts about the economic outlook and geopolitical tensions in Eastern Europe. The FOMC decision itself, due at 19:00 GMT, is [..]

US Open Note – Market awaits FOMC meeting, keeps an eye on Ukraine crisis

Posted on January 25, 2022 at 1:52 pm GMT

FOMC minutes attract attention The two-day FOMC meeting begins today and concludes tomorrow with a decision as the global economy is feeling the pain of omicron variant. The Federal Reserve is widely expected to maintain its hawkish stance as it prepares the market for liftoff at its next meeting. Anyone hoping for some form of Fed Put this week will likely be disappointed. The Federal Reserve’s top aim right now is to keep inflation under control. Because the economy is on the verge of reaching full employment and inflation [..]

Daily Market Comment – Volatile trading continues as Fed meets, Ukraine tensions boil

Posted on January 25, 2022 at 10:24 am GMT

Wall Street bounces back but futures, Asia sink again; mood brighter in Europe Dollar and yen hold firm as Fed angst and geopolitical risks keep havens in demand Earnings and US consumer confidence gauge may test investor nerves More rocky rides for stocks Shares on Wall Street staged a dramatic rebound on Monday, recovering from heavy losses that briefly took the S&P 500 into correction territory. The benchmark index was down by about 4% at one point before a last-minute [..]

Technical Analysis – GBPUSD surrenders ground after 200-MA curbs rally

Posted on January 25, 2022 at 9:45 am GMT

GBPUSD has retraced nearly 50 percent of the three-week rally that began around the 1.3200 handle, but negative forces are diminishing as the drop approaches the lower Bollinger band at 1.3428. The longer-term simple moving averages (SMAs) continue to endorse a broader bearish trajectory in the pair. The short-term oscillators are tilting more to the downside despite the stochastic oscillator signalling some weakness in bearish pressures. The MACD, in the positive region, is distancing itself beneath its red trigger line, [..]

US Open Note – US stocks remain pressured amid rising geopolitical risks

Posted on January 24, 2022 at 1:51 pm GMT

Geopolitical tensions drive safe-haven demand Fears of an imminent Russian-Ukrainian conflict rattled the markets on Monday after both the US and the UK have reportedly started to withdraw families from their embassies in Kiev. The increasing geopolitical tensions are driving the current risk-off sentiment, sending investors to seek refuge into the safety of gold and US Treasury bonds, with the yield of the 10-year benchmark moving lower on Monday. Omicron weighs on Eurozone and UK growth Eurozone’s services flash PMI [..]

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