$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3356 British Pound News GBP/USD managed to stay above the nearest support at 1.3325 and is trying to gain upside momentum while the U.S. dollar is losing ground against a broad basket of currencies. Yesterday, the U.S. Dollar Index made an attempt to settle above the resistance […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3325 British Pound News The pound gave up some gains against the dollar after hitting a 10-week high as analysts suggest the low U.K. rates will keep a lid on sterling’s path higher even as Brexit deal looks likely. GBP/USD rose 0.2% to $1.3312 after hitting a […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3315 British Pound News Sterling rose by about 0.75% last week, its third weekly advance in a row. It met selling pressure a little over $1.33 like it did earlier the month. Another trade talk deadline is seen early next week, and we suspect there would […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3263 British Pound News Europe’s leaders are set to demand that the European Commission publish no-deal plans amid fears that Brexit negotiations are dragging, leaving businesses with little knowledge on what they need to prepare in a worst-case scenario, the Times reported. “We must now come […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3240 Discover the PowerTools included in the Award-Winning MetaStock Trading Platform GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.30. The projected […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3264 Choose Your Account and Receive a Welcome Bonus GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.30. The projected upper bound […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3217 Choose Your Account and Receive a Welcome Bonus GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.30. The projected upper bound […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Metastock British PoundTicker: GBP=Price: $1.3221 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.30. The projected upper bound is: 1.35. The projected lower bound is: 1.30. […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3155 British Pound Outlook UK GDP grew by 1.1 Percent in September and 15.5 Percent in the third quarter, below market estimates; UK Industrial and Manufacturing Production during September also fell short of consensus. The UK’s Office for National Statistics released the GDP data. GBP/USD trades […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3207 British Pound Outlook GBP/USD’s rally ran out of steam at a two-month high eased back from the 1.3310-15 area. which marks the top boundary of an upward sloping channel from mid-September. GBP/USD declined to daily lows, at 1.3230 Any additional fall could attract dip-buying around […]
$EUR #Euro #USD #Currencies #Trading #Markets #Charts #Trade EuroTicker: EUR=Price: $1.1771 Trade with Confidence with Knightsbridge Live Euro Outlook EUR/USD continues to test the nearest resistance level at 1.1830 while the U.S. dollar is losing some ground against a broad basket of currencies. The U.S. Dollar Index has recently failed to settle above the 93 level and […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3257 British Pound Outlook The British pound continues to get optimistic pressure to the upside due to people believing that Brexit will be solved. The reason I know that is because the British pound has rallied against almost everything and not just the US dollar. Granted, the […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets You can trade the GBP/USD at Knightsbridge Live British PoundTicker: GBP=Price: $1.3194 British Pound Outlook A look back in history The British pound (also recognized by other names such as Sterling or Pound Sterling) is among the oldest currencies in circulation worldwide. For over a century the United Kingdom […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3153 British Pound Outlook The British currency grew not only due to the fall in the dollar, but also thanks to the decision of the Bank of England, which decided to further support the country’s economy on Thursday, November 05 by increasing the bond purchase program […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3127 British Pound Outlook The British Pound has risen against the Euro, Dollar and other major currencies following a Bank of England deicsion to boost support for the lockdown-ravaged UK economy, but upside will likely be limited by news EU and UK negotiators have confirmed significant differences remained […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3035 British Pound Outlook It’s Super Thursday and this morning’s BoE surprised some in the market by launching more stimulus than expected, in an effort to boost consumer spending. The MPC voted to buy another £150 billion of government bonds pushing the total to £895 billion, […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2989 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 1.29. The projected upper bound is: 1.32. The projected lower bound is: 1.28. […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2988 British Pound Outlook The bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3307). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2896 British Pound Outlook The currency market has been so keen for Brexit news for so long it has been keeping the pound in a bit of rut with very limited volatility in recent weeks. GBPEUR levels have remained in a tight 2 cent band for […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2909 British Pound Outlook The British Pound advanced against the Euro and a host of other major currencies on news of progress in post-Brexit trade negotiations, however renewed financial market turbulence following the announcement of new major lockdowns in Europe has pushed the Dollar higher across the board. […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2982 British Pound Outlook Hopes for European Union/UK trade deal have been apparent in GBP derivative markets for weeks , and FX options remain a decent alternative to cash for those who want to benefit from a GBP rise with limited risk. Long GBP/USD cash […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3033 British Pound Outlook The hourly chart below shows that the GBPUSD price has fallen in the past six consecutive hours. At the current price of 1.3026, the price is at the lowest level since Wednesday last week. The price is also along the lower […]
#USDollar $DXY $USD $AUD $CAD $CNY $GBP $EUR $JPY $KRW USD gave back some recent gains against most of its major rivals on Tuesday, as strong regional economic data helped to offset worries about new COVID-19 cases in Europe and the United States. This is still the 1st wave there is no 2nd wave. Profits […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3025 British Pound Outlook Turning to the week to come, it seems safe to assume that the highlight of the data calendar will be the publication of the latest US GDP estimate towards the end of the session. Thursday’s release could see the Pound to […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3079 British Pound Outlook The British Pound recorded its strongest daily gain against the U.S. Dollar, Euro and other major peers since March amidst an upsurge in optimism that the EU and UK were headed towards a post-Brexit trade deal. The Pound rose sharply after […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3144 British Pound Outlook The British Pound recorded its strongest daily gain against the U.S. Dollar, Euro and other major peers since March amidst an upsurge in optimism that the EU and UK were headed towards a post-Brexit trade deal. The Pound rose sharply after […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2987 British Pound Outlook GBP/USD trades in a tight range, sideways, which could continue whilst Brexit trade talks remain deadlocked. On Tuesday, the junior UK business minister Nadhim Zahawi repeated that the UK sees no point in continuing trade talks despite chief EU Brexit negotiator […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2945 British Pound Outlook The pound eased from against the dollar from session highs Monday, but remained supported as the EU appeared to extend an olive branch, saying it remains committed to intensifying Brexit-deal talks with the U.K. GBP/USD to rose 0.45% to $1.2971, below session […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2890 British Pound Outlook GBPUSD closed around 1.2913 in the U.S. session Friday, ticked down -0.01%, almost flat despite no free trade agreement (FTA) as the U.K.-EU may sign an alternative ‘Australia’ (AU) type of deal instead of ‘Canada’ type deal. Overall, GBPUSD slips almost […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2890 British Pound Outlook While far from certain it is a widely held sentiment that there will be at least a working Brexit deal reached prior to the next deadline. Any outcome more positive than simply an agreement to continue negotiations should result in increased […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3001 British Pound Outlook As we can see in the H4 chart, a local divergence on MACD made GBP/USD finish the correctional uptrend, which has corrected the previous descending wave by 50.0%. there is a possibility of another rising impulse towards 61.8% fibo at 1.3174 but this […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2930 British Pound Outlook The Pound-to-Dollar exchange rate fell 0.78% on Tuesday to close the day at 1.2875 courtesy of the Dollar’s surge in the wake of the news. The Euro-to-Dollar exchange rate meanwhile fell 0.40% to close the day at 1.1733. But the GBP/USD […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2883 British Pound Outlook Maroš Šefčovič – the Vice-President of the European Commission highlighted the lack of trust which is reflected in Britain´s Internal Market Bill and insisted that the full implementation of the Withdrawal Bill was not optional or debatable. Given his knowledge of […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2927 British Pound Outlook British pound traders were all over the place during the trading session on Friday as the jobs number came out and word got out that Donald Trump has contracted the coronavirus. That being said, the risk was all over the place […]
#gold $XAU $GLD $USD The Fundamentals Central banks worldwide are committed to suppressing interest rates and printing money to solve their nation’s debt problems. Eventually, they will be forced to default or devalue, they will devalue. The Technicals Gold forms a major bottom every 8-yrs. The last low came in Y 2016. The next one should […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2927 British Pound Outlook The Pound to Dollar exchange rate recovered further lost ground last week but is still susceptible to adverse Brexit headlines and could also face downside risks amid fears for the health of President Donald Trump over the coming days. President Trump is […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2839 British Pound Outlook The British pound has staged an impressive recovery against the US dollar currency, with the pair reaching the 1.2900 resistance level. Technical analysis shows that a bearish head and shoulders pattern will be invalidated if bulls move price above the 1.3000 […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2764 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 1.30. The projected lower bound is: 1.25. The projected closing price is: 1.28. Candlesticks A white body […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2754 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Downwards. The projected upper bound is: 1.30. The projected lower bound is: 1.25. The projected closing price is: 1.28. Candlesticks During the past […]
#Dollar #Fed #virus #risk $USD $DXY $EUR $GBP $JPY $CHF $CNY The USD held onto gains Vs most currencies Thursday in Asia as signs of an economic slowdown in Europe and in the US revived concerns about the fallout from continuing virus infections. EUR hit by worries about a return to severe lockdown restrictions, faces […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2734 British Pound News Yesterday, the GBP/USD exchange rate broke the lower boundary of the medium-term descending channel. It is likely that the currency pair could gain support from the weekly S2, the monthly S3 and the Fibo 61.80% in the 1.2700 area. Thus, the […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2807 British Pound News The British pound rebounded strongly from the 1.2770 area against the US dollar last week, as the pair started to attract buying interest from depressed levels. GBP to USD analysis shows that the 1.3000 resistance area holds the key for further upside […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2822 British Pound News Although no change in monetary policy is expected from Thursday’s Bank of England (BoE) announcement fresh jitters are likely for the Pound. If policymakers demonstrate a greater sense of caution over the economic outlook this may give investors more reason to […]
#BREXIT #UK #EU $GBP $EUR $USD Fears of a no-deal BREXIT are back to haunt the UK financial markets. With the relationship between the EU and Britain reaching a new level of discord, investors hammered the GBP with an intensity that has not been seen since the height of the virus chaos in March. Money […]
$GBP #BREXIT #EUROPE #EU Britain’s government vowed on Friday to press on with troubled EU talks, despite rejecting an ultimatum to withdraw Brexit legislation that has sparked a rebellion from outraged Conservatives in its own ranks. Prime Minister Boris Johnson trumpeted a free-trade agreement with Japan — Britain’s first such pact since the country quit […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.2822 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 1.30. The projected lower bound is: 1.26. The projected closing price is: 1.28. Candlesticks A white body […]
#dollar #inflation #Fed $USD $DXY $EUR $GBP $JPY The Buck has been on a slide since The China Virus arrived in the US and the change in the Fed’s approach to inflation is applying more Southside pressure on the dollar into the future. USD has depreciated over the course of the Summer, with the US […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.296 British Pound Outlook The British Pound has fallen nearly 0.75% against the U.S. Dollar and 0.5% against the Euro on Tuesday as the currency’s sell-off enters a second day, ensuring the key respective levels of 1.11 and 1.31 are breached. The Pound is in […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3275 British Pound Outlook The dollar rebound kicking in is a drag on GBP/USD near term. It is interesting to see that sterling has held up relatively well in the past couple of sessions (at least compared to the euro). Subsequently, the technical outlook on GBP/USD looks […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3380 British Pound Outlook The British manufacturing sector continues to gain steam. The Manufacturing PMI has accelerated for four successive months, rising to 55.2 in August, up from 53.3. This points to significant expansion. There was other positive news out of the UK on Tuesday. […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3406 British Pound Outlook GBP to USD analysis shows that the pair has staged a major technical breakout, and may start to rally towards the 1.3500 resistance area. GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3353 British Pound Outlook The Pound-to-Dollar rate has broken higher from a narrow August range and is now targeting December’s election rally highs amid an unravelling of the U.S. greenback, although lingering Brexit uncertainties, U.S. economic resilience and the oversold nautre of the Dollar could […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3198 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.34. The projected lower bound is: 1.30. The projected closing price is: 1.32. Candlesticks A black body […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3209 GBP/US Dollar Exchange Rate Today’s Forex Rates GBP/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.34. The projected lower bound is: 1.30. […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3092 British Pound News The Pound US Dollar (GBP/USD) exchange rate dived -0.95% on Friday, wiping out gains for the week. The pair settled flat across the week at US$1.3087 and remains at that level as the new week begins. Whilst fears of a no trade […]
$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3092 British Pound News Looking ahead to the start of this week, the US Dollar (USD) could edge higher against the Pound (GBP) if the latest Chicago Fed National Activity Index rises higher than expected in July. Added to this, the Dollar could extend its […]
#USD #Gold #investors #debt #Fed $XAU $GLD $USD $DXY The reason USD became the world’s reserve currency is that America has had the largest, strongest steadily growing and conservatively financed economy and a stable political system anchored in the US Constitution. Yet for USD to continue to be valued, the world has to believe in it. […]
$GBP #BritishPound #Pound #USD #Currencies #FX #Trading #Markets British PoundTicker: GBP=Price: $1.3111 British Pound News Sterling continues to consolidate after the two big weekly gains at the end of July over the dollar. Last week the exchange rate rose 0.25% but that followed a -0.28% decline the week prior. In July the dollar index had […]
#Dollar #rates #yields #C19coronavirus $USD $DXY $EUR $GBP $JPY EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck. It is all thanks to the USD’s 4.6% dive, its biggest […]
$GBP #British #Pound #FX #Currency #Trading #Markets The British Pound was once again shedding value against the euro, U.S. dollar and other major currencies on Wednesday, with sentiment concerning Brexit souring once more courtesy of a Telegraph report that the government is abandoning hope for a trade deal with the EU. The Telegraph reports the […]
$EUR #Euro #USD #FX #Currency #Trading #Markets The EUR/USD exchange rate broke decisively higher over the course of the past 24 hours, fuelled by the agreement of an EU rescue deal and budget. Shayne Heffernan, CEO of HEFFX warns caution is advised as the move has become stretched near term. The euro has been building […]
$GBP #BritishPound #Pound #FX #Currency #Markets #Trade The British pound rallied initially during the week, breaking above the 1.2650 level before pulling back. The 1.25 level underneath has offered a significant amount of support as we drove down towards there, which makes quite a bit of sense as it may be a large, round, psychologically […]
Britain’s coronavirus-ravaged economy slumped almost one-fifth during the country’s lockdown and remained set for its sharpest decline in annual output for 300 years, official data showed Tuesday. The Office for National Statistics (ONS) said gross domestic product plunged 19.1 percent in the three months to the end of May “as government restrictions on movement dramatically […]
$GBP #FX #BritishPound #Pound $GBPUSD The British pound had an interesting trading session, at first dropping during the day on Friday, and even piercing below the 200 day EMA. After that, we turned around to show signs of strength and test the top of the candlestick from the Thursday session. If we are able to […]
British Pound: GBP/USD (GBP=X) $GBP #FX Shayne Heffernan Says Buy On Dips The British pound is higher today as traders react to the superb manufacturing and services PMI numbers. The pound index, which measures its strength against peers, is up by 1%. The EUR/GBP is up by 0.26% while the GBP/USD is unchanged. The UK […]
Expect USD Go Higher During July Then Buy British Pound: USD/GBP (GBP=X) This is a market that contains a lot of moving pieces that people are paying attention to. The British pound fell at the start during the trading session on Wednesday, as we’ve seen a small amount of a “risk off” move early in […]
British Pound: USD/GBP (GBP=X) Buy On Dips Prior To Brexit According To Prominent Economist in Asia Shayne Heffernan, CEO and Founder of HEFFX has issued a warning to the U.S. Dollar bulls. The prominent economist in Asia says that the era of the U.S. dollar may be coming to an end and he is forecasting […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
British Pound: USD/GBP (GBP=X) Finds Relief The British Pound started the week on a positive footing against both the euro and dollar, with the GBP/USD at its highest daily opening since March 12 and also the GBP/EUR exchange rate recording its highest daily opening since May 15. The gains in Sterling come amidst an ongoing […]
Euro: USD/EUR (EUR=X) Unlikely to Rise Above $1.15 The buoyed up sentiment on international financial markets is spilling over into forex rates, with some huge currency moves in recent weeks. The three traditional safe-haven currencies, Swiss franc, United States dollar and particularly the yen have come under significant selling pressure. The euro has been a […]
Euro: USD/EUR (EUR=X) Expect Some Profit Taking There were limited moves on FX markets yesterday despite a positive risk scene. Sterling softened slightly but there was no standout reason for this and its main pairs remained well within their recent trading ranges. In level terms, this is often mirrored in EUR/GBP opening this morning close […]
Euro: USD/EUR (EUR=X) Extends Bull Run Ahead of the ECB Rate Decision Safe haven currencies were on the back foot yesterday, with both the dollar and also the yen coming under some downward pressure, as risk appetite continued to improve. Ongoing optimism amongst market traders surrounding the re-opening of economies was the main driver of […]
British Pound: USD/GBP (GBP=X) Dollar softer, sterling firmer amid risk-on mood The upbeat tone to investor sentiment continued yesterday as United States and UK markets came back from their long weekend. It seems market participants are focusing on the positives, regarding economies beginning to reopen, despite the still difficult and uncertain economic outlook. This was […]
Bank of England Governor Andrew Bailey said Wednesday Britain’s economic recovery from the coronavirus pandemic could be “longer and harder” than anticipated and fresh bids to boost growth may be needed. Bailey hinted that further interest rate cuts and quantitative easing — which sees the bank buy government bonds, printing new money in the process […]
• USD steady in quiet trading with US and UK markets closed.• CAD leads G10 but remains firmly range-bound.• EUR trades around 1.09 ahead of EU relief fund proposal.• GBP unchanged despite Brexit and political tensions.• JPY modestly lower as stocks gain.• AUD little change in low 0.65s on limited price action.• MXN leads majors […]
Euro: USD/EUR (EUR=X) Some dollar volatility The greenback has been the main mover on currency markets within the past seven days. In the early part of last week, it had been on the back foot as signs of progress in the race for a Covid-19 treatment supported risk appetite. The currency managed to recovery some […]
British Pound: USD/GBP (GBP=X) Slightly Weaker Tone Short-Term There was a positive tone to risk appetite yesterday. The major equity indices managed to register gains. At the closing bell on Wall Street last night, the S&P 500 was up 1.7% on the day. Meanwhile, the action on currency markets over the past 24 hours has […]
Euro: USD/EUR Shifts Focus to Chair Powell’s recent appearances After Monday’s robust improvement in market sentiment, there was an additional cautious tone to proceedings yesterday. This was evident in most of the major equity indices finishing the day with some modest losses. On the currency front, major pairs are confined to fairly tight ranges over the past twenty four hours. One reason for the muted market action […]
British Pound: USD/GBP (GBP=X) on back foot last week Sterling was the main mover on currency markets last week, reflecting the re-emergence of Brexit uncertainty. On Friday it was confirmed by both the EU and UK that little progress was made in the latest talks. Earlier in the week, uncertainty surrounding the UK’s proposed Covid-19 […]
British Pound: USD/GBP (GBP=X) Some Sterling Softness Currency market action yesterday saw sterling adopt a marginally softer tone. Confusion surrounding the UK’s proposed exit strategy from its current Covid-19 lockdown acted as a headwind for the currency. Brexit news flow may also have been a negative. Headlines suggest little progress has been made in EU-UK […]
USD: Enjoys a broader bid overnight, alongside somewhat higher yields and choppy equity markets as US rates reflect some fading of the negative rates story (though markets are still pricing negative in 2021). This comes as Fed speak from Evans and Bostic attempts to pushback on negative rates with the former seemingly taking a more […]
British Pound: USD/GBP (GBP=X) BoE holds off from pumping further stimulus into Britain’s economy Sterling rose by around half a cent versus the dollar on Thursday, after the Bank of England held rates steady at 0.1%, as expected, and held off on further stimulus. The pound rose to as much as $1.2380 from $1.2331 before […]
Britain begins post-Brexit trade talks with the United States on Tuesday, with 100 negotiators on each side joining via videoconference. Many in Prime Minister Boris Johnson’s Conservative government hope for a free trade agreement with Washington as one of the biggest benefits of leaving the European Union. Officials said the first round of talks would […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]
British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors GBP/USD briefly rose to a fresh one-month high yesterday but has given back the gain in early trading today, ahead of the US retail sales report. The pair has been weighed by a strong dollar as the greenback has […]
British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week The pound to dollar exchange rate scaled above the 1.2500 handle yesterday for the first time in a month. From a technical perspective, the pair looks to be signaling a bullish continuation. However, if there is one thing that stands out about recent price […]
British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance The British pound initially pulled back a bit during the trading session on Friday, but it was of course Good Friday, meaning that there was almost no trading going on. The 1.25 level above is offering a significant amount of resistance, and therefore we should be paying attention […]
$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]
British Pound: USD/GBP (GBP=X) Volatility Remains Subdued GBP/USD has seen a sudden drop in volatility in April and was seen continuing to trade essentially sideways in the early day on Wednesday. The pair saw some buying yesterday as the dollar broadly lost ground against its major counterparts. The greenback has been following an inverse relationship with […]
British Pound: USD/GBP (GBP=X) Reverses The British pound initially pulled back during the trading session on Tuesday but found enough buyers to turn around and send this market higher. By breaking the top of the inverted hammer from the previous session, this is a very bullish sign, but we obviously have a lot of resistance just above, […]
Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand The dollar has had a relatively strong relationship with the equity markets as of late. The sharp decline in the stock market in March led investors to move to cash positions which led to a rally in the dollar index (DXY) to highs not seen […]
British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus GBP/USD breached the 20 EMA below 1.2300 but the British pound is showing some signs of strength and tries to gain more ground amid optimism on the coronavirus front. British Prime Minister Boris Johnson was taken to the hospital with persistent […]
British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist? Despite shockingly bad US jobs data published last week, the British Pound to US Dollar (GBP/USD) exchange rate ultimately slipped lower. Even though the Pound was fairly resilient last week, it was unable to hold its ground or sustain any gains against the US Dollar which […]
British Pound: USD/GBP (GBP=X) massive resistance barrier at 1.25 The British pound has pulled back a bit during the trading session on Wednesday as we continue to see a lot of concerns out there when it comes to risk appetite. The 1.25 level above is a massive resistance barrier and the first thing I would point out […]
British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial The British pound broke down significantly during the trading session on Tuesday but has bounced a bit as the Americans have stepped on board. This shows just how resilient the British pound is and as a result I think that we have quite […]
British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250 UK Q4 GDP Growth Rate Is Flat Quarter-Over-Quarter The U.S. dollar tried to gain ground against the British pound but GBP/USD received support near the 20 EMA at 1.2250. The number of coronavirus cases in the U.S. continued to increase and reached 164,603 according to data […]
British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009 The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it’s now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand […]
$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]
$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]