All Articles Tagged - GBPUSD

Forex Market Review (European Session) – Dollar falls on durable goods miss; sterling boosted on DUP deal; gold declines

Posted on June 26, 2017 at 3:05 pm GMT

The main economic releases during today’s European session pertained to durable goods orders out of the US and the Ifo business sentiment survey out of Germany. Beyond these, gold experienced a considerable decline and sterling received a boost after UK Prime Minister struck a deal with Northern Ireland’s Democratic Unionist Party which would support her minority government. In US economic releases, durable goods orders fell by 1.1% in May. This negatively compares to the 0.6% drop expected and exceeds April’s [..]

Technical Analysis – GBPUSD looking less bearish but remains below 50-DMA

Posted on June 26, 2017 at 2:16 pm GMT

GBPUSD has rebounded from last week’s 2-month low of 1.2588 and is on track to make a fourth straight session of gains today. The RSI has risen steadily over the past week to climb close to the 50-neutral level but remains below it, pointing to a neutral to bearish bias in the near term. If the pair continues to build on the past week’s upside momentum, resistance will likely come at around the 1.2775 level, which has been a previous [..]

FX Daily Outlook | 26-06-17

Posted on June 26, 2017 at 8:35 am GMT

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Forex Market Review (Asian Session) – Euro holds despite Italian banking bailout news; dollar remains weak on hike odds

Posted on June 26, 2017 at 7:51 am GMT

It was a relatively quiet start to the week for forex markets, as many Asian countries were closed because of the end of Ramadan. The euro mostly held onto the gains it made before the weekend despite the news that the Italian government was going to rescue two of the country’s regional lenders at the tune of 17 billion euros. Italian banking woes were seen as contained for now, given the positive political developments and the relative strength of the [..]

Week Ahead – GDP out of US and UK in focus; Eurozone and Japan inflation due

Posted on June 23, 2017 at 3:13 pm GMT

Growth data are due from two of the world’s largest economies – the United States and the United Kingdom. Japan will also be releasing a flurry of data. United States A slew of data are expected from the US next week. The Personal Consumption Expenditure (PCE) price index is one of the most important indicator as well as personal income and spending. The May PCE figure is due on Friday and it is a closely monitored indicator as it is the [..]

Forex Market Review (European Session) – Loonie suffers on inflation; dollar down; sterling maintains positive momentum

Posted on June 23, 2017 at 2:56 pm GMT

Among the highlights in today’s European session were flash Markit PMI estimates out of the eurozone and the US, Canadian inflation figures and US new home sales data. Beyond economic releases, the pound maintained yesterday’s momentum on rising expectations of a rate hike by the Bank of England. Flash eurozone PMI numbers for the month of June showed the manufacturing sector performing strongly and the services sector surprising to the downside. Specifically, the manufacturing PMI number came in at the [..]

FX Daily Outlook | 23-06-17

Posted on June 23, 2017 at 8:09 am GMT

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Forex Market Review (Asian Session) – Oil-linked currencies gain with the commodity’s rise; dollar retreats

Posted on June 23, 2017 at 7:43 am GMT

As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was last down two-tenths of a percent on the day. Dollar/yen was slightly down at 111.25. If it closes the day lower, it would be the fourth consecutive day of declines for the pair. The [..]

Forex Market Review (European Session) – Loonie boosted by strong Canadian retail sales; oil makes some recovery

Posted on June 22, 2017 at 2:55 pm GMT

Major currencies were mostly range-bound in a relatively quiet session due to a light news flow and few data releases. The UK published the CBI industrial orders expectations data for June, which rose to +16 versus an expectation for a fall to +7 from a reading of +9. This was the highest number in 30 years, reflecting strength across most sectors of the economy. A weaker pound since the Brexit vote has helped. Meanwhile, UK Prime Minister Theresa May went [..]

FX Daily Outlook | 22-06-17

Posted on June 22, 2017 at 9:13 am GMT

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