GBP/USD parked around 1.3800 post-data
Friday, 9 March 2018 17:43 WIB | CURRENCIES |DolarpoundGBP/USD

The British Pound is trading almost unchanged vs. the buck so far on Friday, with GBP/USD hovering over the 1.3800/10 band in the wake of UK's data releases.

GBP/USD unchanged on data, looks to US docket

Cable posted little-to-nil reaction and stays above the 1.3800 handle in response to weaker-than-expected releases in the UK calendar today.

In fact, Manufacturing Production expanded at a monthly 0.1% and Industrial Production gained 1.3% inter-month, while the trade deficit widened to £12.32 billion during the first month of the year, all readings coming in below initial estimates.

In the meantime, the absence of Brexit headlines as of late seems to have removed some downside pressure from the British Pound, albeit this is seen as temporary. Furthermore, the pair is looking to stabilize around the lower bound of the weekly range following Thursday's sharp pullback to the 1.3780 area.

Later in the day, the NIESR GDP Estimate is due ahead of the US Non-farm Payrolls for the month of February (200K expected).

GBP/USD levels to consider

As of writing, the pair is losing 0.01% at 1.3808 and a breakdown of 1.3782 (low Mar.8) would aim for 1.3712 (low Mar.1) and finally 1.3658 (high Sep.20 2017). On the flip side, the immediate hurdle lines up at 1.3847 (10-day sma) seconded by 1.3932 (high Mar.6) and then 1.4071 (high Feb.26).

Source: FXstreet


Sterling edges back from six-week high, BoE in focus
Wednesday, 18 September 2019 15:51 WIB

Sterling edged lower on Wednesday after climbing to a new six-week high on hopes for a last-minute Brexit deal, while investors turned their attention to the Bank of England meeting on Thursday. The pound fell 0.2% in early European trade to $1.2476, but that followed a decent gain on Tuesday to $1...

Dollar holds gains as oil shock eases, Fed in focus
Wednesday, 18 September 2019 08:16 WIB

The dollar traded near a seven-week high versus the yen as oil markets recovered from a supply shock, but the focus is firmly on a U.S. Federal Reserve meeting later on Wednesday that is widely expected to deliver an interest rate cut. Major currencies are likely to trade in narrow ranges before th...

Dollar Broadly Higher Ahead of ZEW, Fed Meeting
Tuesday, 17 September 2019 15:20 WIB

The dollar was mostly higher in early trading in Europe Tuesday, as fears of a sustained spike in oil prices and conflict in the Persian Gulf undercut risk assets ahead of the U.S. Federal Reserve™s two-day policy meeting. The euro was at $1.1012, with the market keeping an eye on the first major...

Japanese Yen Unchanged Despite Initial Trade Accord with U.S.
Tuesday, 17 September 2019 11:04 WIB

The Japanese yen stayed largely unchanged against the U.S. dollar on Tuesday in Asia despite news that the U.S. reached an initial trade accord with Japan over tariffs. It is unclear whether the U.S. will maintain tariffs on Japanese auto imports as part of the agreement. The yen was little impact...

Oil currencies, dollar buoyed as Saudi attacks keep crude elevated
Tuesday, 17 September 2019 08:30 WIB

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated. Attacks on crude facilities in Saudi Arabia on the weekend boosted oil prices by nearly 15% on Mon...

South Korea Removes Japan from Fast-Track Trade List
Wednesday, 18 September 2019 23:25 WIB South Korea has followed through with a pledge to remove Japan from a preferred list of nations that enjoy fast track trade status, the latest chapter in an escalating diplomatic dispute tied to Japan's 20th century occupation of the Korean...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.