All Articles Tagged - UK100

US Open Preview – Pound drops momentarily below 1.30 on Brexit woes; oil set for fifth weekly loss

Posted on November 9, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: The British economy expanded by 1.5% y/y in the third quarter as expected, preliminary data showed. The UK’s trade deficit narrowed, and the manufacturing output was slightly better than forecast in September. However, the evidence on business investment was disappointing and today’s discouraging Brexit headlines were enough to push pound/dollar straight down to 1.2988 before a reversal to 1.3035 (-0.15%). Particularly, capital expenditures decreased by 1.2% q/q in Q3 compared to a 0.2% expected rise, printing the biggest loss since Q1 2016. [..]

US Open Preview – Dollar remains bullish ahead of FOMC rate decision

Posted on November 8, 2018 at 12:56 pm GMT

Here are the latest developments in global markets: FOREX: Expectations that the Fed will continue to signal further monetary tightening when it keeps rates steady at the conclusion of the FOMC meeting later today probably helped the dollar index to move higher by 0.22% as the market took a breath after the US midterm elections. Dollar/yen traded up by 0.13% at 113.66, near one-month highs. Meanwhile in the Eurozone, the European Commission revised the bloc’s economic growth for 2019 downwards to 1.9% y/y from 2.0% before, and [..]

US Open Preview – Dollar’s rivals gain as US Congress split flags political noise; RBNZ rate decision awaited

Posted on November 7, 2018 at 12:47 pm GMT

Here are the latest developments in global markets: FOREX: As was widely anticipated, Democrats took control of the House and Republicans retained the majority in the Senate in the mid-term US elections. The dollar index opened with a gap down on Wednesday, slipping to a 2-month trough of 95.67 before inching up to 95.81 (-0.52%). Dollar/yen edged lower by 0.20% to 113.19 along with US Treasury yields after hitting a fresh 1-month high at 113.81 earlier in the day. The 10-year [..]

US Open Preview – Dollar finds resistance at 1-month highs vs yen; US midterm elections awaited

Posted on November 6, 2018 at 12:14 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar hit one-month highs against the yen at 113.44 on Tuesday but it soon lost ground returning to 113.13 (-0.06%) before the US midterm elections take place later today. The US dollar index, however, managed to climb by 0.14%, erasing some of yesterday’s losses on the back of a weaker euro and pound. Euro/dollar was steady at 1.1412 despite the upward revision in final Markit Services PMI figures for October [..]

US Open Preview – Pound holds firm ahead of Barnier’s Brexit speech

Posted on November 5, 2018 at 12:59 pm GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies reversed earlier losses to trade marginally higher on the day. The British pound continued to outperform on the back of rising hopes for a Brexit deal, though it reversed a considerable portion of earlier gains against both the dollar and the euro. Indicatively, GBPUSD traded below the 1.30 handle after previously hitting a two-week high of 1.3062. The UK came on the receiving end [..]

US Open Preview – Dollar holds up versus yen ahead of NFP job report

Posted on November 2, 2018 at 12:20 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen eased to 112.81 but remained up on the day (+0.12%) after rising as high as 113.10 early in the European session as investors were looking for details to confirm that the US President and the Chinese leader will attempt to reach a trade agreement at the G20 summit in Argentina later this month. This came after reports that the government heads had a constructive phone call yesterday, with China’s foreign [..]

US Open Preview – Pound cheers on Brexit optimism and BoE rate guidance

Posted on November 1, 2018 at 12:34 pm GMT

Here are the latest developments in global markets: FOREX: Pound pairs were trading notably higher early in the European session, benefiting on reports the EU and the UK have reached a tentative agreement to allow British financial services companies to have a continued access to European markets after Brexit. It should be kept in mind though that the UK’s Brexit negotiator said that “nothing is agreed until everything is agreed”. On the monetary policy front, all nine BoE policymakers voted to keep rates steady at 0.75%, while slightly lowering growth projections [..]

European Open Preview – Sterling soars on news of Brexit services deal, ahead of BoE policy decision

Posted on November 1, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down by a little more than 0.4% on Thursday, looking set to post its first daily decline in four sessions. The British pound, and to a lesser extent the euro, benefited from reports that UK financial services firms will continue to have access to EU markets after Brexit. Meanwhile, the antipodeans aussie and kiwi outperformed, likely lifted by the broader improvement in risk sentiment, as well as fresh [..]

US Open Preview – Euro slips to 2 ½-month lows despite encouraging inflation signs; stocks bounce higher

Posted on October 31, 2018 at 12:05 pm GMT

Here are the latest developments in global markets: FOREX: Euro/dollar printed a 2 ½-month low at 1.1330 on Wednesday despite eurozone’s flash core inflation rate inching up to 1.3% y/y in October, from 1.2% expected, and 1.1% seen in September. The headline inflation print remained unchanged at 2.2% y/y, at the strongest since 2012, but buying interest was subdued as concerns over the Italian budget battle as well as uncertainty about how political conditions would unfold in Germany after Chancellor Merkel leaves the office in 2021, brushed funds out of the market. [..]

US Open Preview – Dollar gains ground as euro and pound underperform; BoJ rate decision awaited

Posted on October 30, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: Eurozone’s initial GDP growth estimate for the third quarter was rather disappointing, clocking in at 1.7% y/y, the lowest since Q4 2017. On a quarterly basis, expansion unexpectedly slowed to 0.2%, from 0.4% previously. Consumer confidence was confirmed at -2.7 in October, not far above the 1 ½ -year low of -2.9 reached in September. Yet investors’ mood didn’t deteriorate significantly in the wake of the data, even under rising political noises in [..]

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.

How can we help?

Live Chat Terms

How to Access

Telegram Chat Terms

UK100