|Day's range||0.88 - 0.883|
|52-week range||0.86355 - 0.90857|
Investing.com -The annual rate of inflation in the UK rose at at the slowest pace in three months in September according to data released on Wednesday, as consumer prices were pulled down by cheaper food prices.
Investing.com - The pound rose to the day’s highs on Tuesday after data showing that wage growth in the UK accelerated at the fastest pace in nearly 10 years in August, bolstering the outlook for the economy.
Investing.com - The dollar rebounded from one-month lows against the yen on Tuesday as a selloff in global equities markets eased, while the New Zealand dollar pushed higher after upbeat inflation data overnight.
Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.
Investing.com - The dollar pushed higher against a currency basket on Monday, as a recent solid run of U.S. economic data underpinned expectations for further gradual rate hikes by the Federal Reserve through the end of this year and beyond.
Investing.com - With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Columbus Day holiday.
EURGBP is presently struggling with 50-day SMA level of 0.8940 in order to aim for the 0.8980 trend-line resistance, breaking which 0.9000 and the 0.9030 may regain market attention. With the immediate descending trend-line presently questioning the GBPAUD’s rise around 1.8185, the pair can drop back to 1.8055 and the 1.8000 round-figure but the 1.7930-15 and the 1.7815 TL might confine its further declines. Meanwhile, break of the 1.8185 trend-line can propel the pair to 1.8290 & 1.8350 resistances but the 1.8400 could limit the pair’s advances afterwards.
In this introduction, we will define the types of currency pairs and cover some of the basics you’ll need to know before you begin trading the ‘exotics’.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
The pound struggled for direction Wednesday after reports that UK Prime Minister Theresa May was set to reject the European Union’s Irish border solution. The EU had suggested having more checks only in Northern Ireland, but May is expected to reject their offer, insisting that any solution must be UK-wide, The Times reported. The EU’s chief Brexit negotiator Michel Barnier previously suggested that checks would need to be carried out at British and Northern Irish ports on only one category of goods moving from Great Britain to Northern Ireland.
Investing.com - European Central Bank President Mario Draghi said Thursday that the central bank's monetary policy can continue on its current path of removing accomodation, even with its inflation outlook appearing to some to be lower than its mandated level.
Today is one of the busiest days on the market in terms of the macro events in the past few months. Rates from the BoE, ECB, CPI data from US and job data from Australia. Nice, huh? In our trading, we try to reduce the risk as much as possible. We do that by, for example, not trading during those macro events. That is why, today, we will focus on DAX and WTI but if you like the thrill, here You are, the small part about the EURGBP:
Investing.com - The pound surged on Wednesday following reports that Germany and the UK are set to drop key Brexit demands, while the dollar retreated from near one-and-a-half week highs on gains in sterling.
Investing.com - The pound and the Turkish lira were pressured lower in currency markets on Monday, while the dollar remained steady against a currency basket in holiday-thinned trade.
One of the best setups at the beginning of the week can be found on the GBPUSD. The pair is on the back foot and the main reasons for that, from the fundamental point of view, are the weaker PMI number and the new comments from Mr. Barnier regarding Brexit. This comes in line with the technical analysis, which was giving us a sell signal as early as on Friday.
Investing.com - The pound extended losses on Monday after data showing that UK manufacturing activity fell to its lowest level in two years in August, weighed down by jitters over Brexit and the U.S.-China trade war.
Investing.com - The dollar rose to the day’s highs against a currency basket on Thursday, while the Turkish lira and the Argentinian peso skidded as a selloff in emerging market currencies gathered pace.
Investing.com - The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased.
Investing.com - The dollar edged lower against a basket of the other major currencies on Wednesday, as the pound rallied after comments on Brexit by European Union negotiator Michel Barnier.
Investing.com - The dollar pushed higher against a currency basket on Wednesday after hitting a one-month low overnight, but gains were held in check amid uncertainty over the U.S. trade situation.
Investing.com - The dollar extended losses against a currency basket on Tuesday, falling to one month lows as a U.S.-Mexico trade deal eased fears over a trade war, while the Turkish lira fell more than 1% against the dollar.
Investing.com - The dollar was holding steady near a one-month low against a currency basket on Tuesday as a U.S.-Mexico trade deal boosted risk appetite, while the pound was pressured lower amid continuing fears over a no-deal Brexit.
Investing.com - With another fairly light week on the economic calendar investors will continue to monitor developments on the U.S. political front after a bruising week for President Donald Trump, following the criminal conviction of two associates.
Investing.com - The dollar gained ground against a currency basket on Thursday, while Russia’s rouble tumbled on sanctions fears and the New Zealand dollar hit two year lows on a dovish sounding central bank statement.
Investing.com - The pound fell to the lowest levels of the year on Wednesday as the currency was pressured lower by growing fears over the prospect of Britain exiting the European Union without a trade deal in place.