-
GBP/USD: Cautious Mood Prevails
Wednesday, April 10, 2019 - 10:15am | 380Read More...After yesterday's sharp intraday pullback, the GBP/USD pair regained positive traction and held on to its modest gains above mid-1.3000s through the early European session on Wednesday. The British Pound got an additional boost following the release of better than expected UK monthly GDP print...
-
Trade War: The Currency Paralysis Will Continue Until The Negotiations Conclude
Tuesday, April 9, 2019 - 10:18am | 903Read More...Currency traders may wonder if they are being punished. Since late last October trend has vanished from the FX Markets. There seems to be a new law of foreign exchange markets--Every sustained movement will be met by an equal and opposite reversal, (apologies to I. Newton). From the end of October...
-
Inflation Preview In The UK: Why GBP/USD Risks Are Skewed To The Upside
Tuesday, March 19, 2019 - 10:04am | 566Read More...Inflation is set to remain steady in the UK, just below the BOE's target. Brexit is in the limelight, but the release could have a meaningful impact in the short term. The risks are skewed to the upside due to several reasons. The UK publishes the inflation report for February on...
-
GBP/USD: Bulls Are Back
Tuesday, March 19, 2019 - 9:58am | 679Read More...GBP/USD is trading at the highs of the range once again. Speaker Bercow refusal for a repeat Brexit vote has its upside. The technical picture remains positive for the pair. GBP/USD is trading in the upper half of the 1.3200 handle, back to the highs. Cable crashed on Monday after a surprise...
-
Excellent UK Jobs Report Will Add Fuel To GBP/USD's Fire
Tuesday, March 19, 2019 - 9:53am | 362Read More...The UK jobs report came out significantly better than expected. This adds to the BOE's reasons to raise rates and will push the pound higher. But nothing will move until Brexit is resolved. The UK published its labor market report around 12 minutes earlier than expected. Are UK...
-
Signs Of A GBP/USD Reversal Emerge After This Week's Key Brexit Votes
Friday, March 15, 2019 - 10:37am | 357Read More...Having witnessed some extreme volatility since the beginning of this week, the GBP/USD pair now seems to have stabilized a bit and has been oscillating in a narrow trading band over the past 12-hours or so. The pair remained well below nine-month tops set on Wednesday despite the fact that the UK...
-
3 Political Brexit Developments That Sent GBP/USD Soaring And Higher Levels To Watch
Thursday, March 14, 2019 - 10:08am | 613Read More...GBP/USD is trading on high ground in a highly volatile environment. Parliament rejected a no-deal Brexit as expected, but other developments made the difference. The technical picture is bullish for the pair. The UK Parliament has rejected a no-deal Brexit on Wednesday in a stricter manner than...
-
Sterling Set To Stabilize Below 50% Fibonacci Level Ahead Of US NFP
Monday, March 11, 2019 - 10:48am | 513Read More...The GBP/USD is trading just below 50% Fibonacci retracement line of 1.3090 after the selloff. The US non-farm payroll (NFP) report is expected to see 180K new jobs added in February while wages are set to increase 3.3% y/y. The US Dollar strength caused by ECB’s dovish turn and Brexit...
-
Brexit Gloom And Dollar Domination Pound The Pound
Wednesday, March 6, 2019 - 11:56am | 612Read More...GBP/USD is pressured as Brexit talks remain stuck. Carney's comments and upbeat data fail to help as the focus shifts to the US. The technical picture is bearish for cable. GBP/USD is trading in the lower part of the 1.3100 handle. The primary driver of the most recent slide stems from talks...
-
Technical Picture Sets The Stage For Sterling's Correction Lower
Monday, March 4, 2019 - 11:40am | 468Read More...The GBP/USD is trading little changed on the upside in the mid 1.3200s. The US President provided some US Dollar bearish comments over the weekend with little market effect some far. The market is prone to believe that extending Article 50 is a central scenario for Brexit development. The UK...
-
Bias On Cable Is On The Downside As UK Manufacturing PMI Falls Further
Friday, March 1, 2019 - 11:18am | 466Read More...The GBP/USD is trading about 100 pips off its 33-week high at around mid-1.3200s, as delayed Brexit hopes recede. The GBP/USD made a massive 280 pips strong bull run since the beginning of this week with the technical oscillators favoring the end of the week correction. A technical correction is...
-
Look For Short-Term Volatility In Salesforce When Q3 Report Releases
Tuesday, November 15, 2016 - 2:55pm | 292Read More...D.A. Davidson expects an in-line EPS when salesforce.com, inc. (NYSE: CRM) releases its third-quarter results on November 17 after the market close. However, the brokerage expects short-term volatility in the sha res if the company provides a conservative outlook for FY 2018. Analyst's Expectations...
-
Drop A Dime On Dollar ETFs
Wednesday, October 12, 2016 - 12:24pm | 521Read More...It was not long ago that the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) was the king of currency exchange-traded funds. This year, thanks in large part to the Federal Reserve's refusal to raise interest rates, the dollar and UUP have almost been reduced to court jester status. What...
-
Brexit Buyers' Remorse? U.K. Realizing Breaking Up May Be Hard To Do
Friday, October 7, 2016 - 1:24pm | 751Read More...The U.K.'s pound plummeted to a 31-year low early Asian trading Friday, as investors slowly and steadily reacted to the realization that a Brexit will soon become a reality. However, since then, the U.K. currency has recovered most of the lost ground and is trading at $1.2455 a pound, off the day's...
-
Post-Brexit, Banks Could Be Problems For U.K. ETFs
Tuesday, July 26, 2016 - 8:47am | 632Read More...Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency...
