All Articles Tagged - UK100

US Open Preview – Pound extends downside; aussie bounces ahead of RBA rate decision

Posted on September 3, 2018 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: Sterling opened with a gap down on Monday’s Asian session after EU chief Brexit negotiator Michel Barnier said he strictly opposes the UK’s offer on future EU-UK trade relations. Pound/dollar, which has come off from a 1-month high last week, recorded the fifth red month in a row. Today, the pair dipped by 0.64% and slipped below the 1.2900 handle, increasing negative momentum after the UK manufacturing PMI clocked in at 52.8 in August, [..]

European Open Preview – Sterling gaps down amid Brexit rhetoric; UK manufacturing PMI due with trade angst in the background

Posted on September 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar was nearly flat against a basket of six major currencies on Monday (-0.03%), after posting considerable gains in the previous session. Meanwhile, the British pound opened with a negative gap following some not-so-encouraging Brexit signals over the weekend from both the EU and the UK. STOCKS: Wall Street closed mixed on Friday, as trade negotiations between the US and Canada ended without an accord. The S&P 500 was practically flat (+0.01%), the Dow Jones [..]

US Open Preview – Trade fears hold major currencies in the red; loonie weakens as NAFTA deadline looms

Posted on August 31, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: Trump’s stubborn stance the previous day aiming to enhance US’s trade protective measures against China and keep the pressure on the EU, shifted funds away from riskier assets, pushing dollar/yen down to 110.78 (-0.16%) and dollar/franc to 0.9666 (-0.23%). The dollar index, which is set to close in the red for the third consecutive week, was slighlty up at 94.80 (+0.08%) as the euro and the pound felt the trade pain as well. Euro/dollar inched down to 1.1647 [..]

US Open Preview – Pound’s rally takes a breather after Barnier’s cautious remarks; US core PCE inflation pending

Posted on August 30, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: Pound/dollar stalled yesterday’s rally, trading at 1.3016 (-0.08%) as the EU’s Brexit negotiator Michel Barnier talked down expectations of a Brexit deal today, saying that the bloc must be prepared for a “disorderly” exit. His comments came a day after he said that the UK could be offered a special partnership “such that has never been with any other country”. Euro/dollar was struggling to overcome the 1.1700 level, last seen at 1.1694 (-0.09%) [..]

US Open Preview – Dollar loses ground ahead of Powell’s Jackson Hole speech; oil rallies

Posted on August 24, 2018 at 12:31 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen pulled back below a two-week high of 111.48 reached early today, falling to 111.30, near Thursday’s close price ahead of Powell’s Jackson Hole speech. The dollar index, which measures the dollar’s strength against six major currencies was also in a bearish move, printing losses towards 95.33 (-0.34%) as the euro and the pound strengthened. Euro/dollar stood higher at 1.1585 (+0.42%), helped by solid GDP growth data out of Germany, and pound/dollar [..]

US Open Preview – Dollar broadly higher as Aussie remains under pressure; ECB minutes due

Posted on August 23, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index versus a basket of currencies continued to trade higher on Thursday and is looking set to put an end to the six-day streak of declines, its longest since February. The US currency is posting gains across the board, though excluding the Aussie, they’re not sizable in nature. Euro/dollar and pound/dollar are both lower by around 0.1%, with dollar/yen up by 0.2%, not far below the 111 handle. Flash [..]

US Open Preview – Dollar modestly down ahead of US-Chinese trade talks and FOMC minutes; oil advances

Posted on August 22, 2018 at 11:12 am GMT

Here are the latest developments in global markets: FOREX: Both dollar/yen and the dollar index, which gauges the dollar’s strength versus six major currencies were not much changed, fluctuating around 110.40 (-0.02%) and 95.14 (-0.12%) respectively before the widely expected trade talks between China and the US begin later today. Meanwhile, there’s a political noise in the US as two former associates to the US president were declared to be guilty of financial crimes on Tuesday. Yet, the markets largely ignored the news. FOMC meeting minutes due later today could bring [..]

US Open Preview – Dollar index under pressure after Trump’s Fed criticism

Posted on August 21, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to trade lower early in the European session, weighed by comments made by the US President late on Tuesday who said that he is “not thrilled” about the central bank’s decision to raise interest rates this year as his administration is making efforts to reduce trade deficit and higher interest rates combined with a stronger dollar would limit export growth. He also accused China and the Eurozone of manipulating their currencies; the response from the [..]

US Open Preview – Euro weakens as Turkish risks remain in the background; attention on trade

Posted on August 20, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen continued to pare Friday’s losses, last seen at 110.62 (+0.13%), while the dollar index, which gauges the dollar’s strength versus six major currencies, was also in recovery mode, trading at 96.30 (+0.21%), helped by a weaker euro and pound. Euro/dollar was on the back foot at 1.1422 (-0.15%), after rising softly the past two days, with investors worrying that the political turmoil between the US and Turkey could weigh on the Eurozone’s banking sector. On Monday, the [..]

US Open Preview – Euro bounce fades; Canadian inflation prints pending

Posted on August 17, 2018 at 10:59 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which gauges the greenback’s strength against six major currencies – remained negative (-0.10%), though it pared most of its earlier losses, aided by a return of risk-off tones in markets. Dollar/yen moved down by 0.33% and held below the bearish cross of the 20- and 40-day simple moving averages (SMAs). In the euro area, the annual inflation rate was confirmed at 2.1% in July, above June’s 2.0%. Euro/dollar [..]

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.

UK100

XM Live Chat