GBPUSD

Muted FOMC Meeting The US dollar has been a little softer so far over the European morning on Thursday. Last night, the Fed kept rates on hold as expected at its first FOMC meeting of the year. The statement was broadly unchanged from last… Read More

The Federal Reserve Bank held its monetary policy meeting yesterday. As widely expected, the central bank left interest rates unchanged. It signaled that rates will remain steady while affirming its commitment to higher inflation. The… Read More

Throughout last week, the view of analysts was that the PMIs published on Friday would be decisive as to whether the BOE cut rates during its first meeting of the year. But, in the end, the data split the difference and just increased… Read More

FOMC in Focus The US dollar has been a little firmer again over the European morning on Wednesday. The main event focus today is the FOMC meeting later in today’s US session. While the Fed is not expected to move on rates, traders will be… Read More

The US dollar index is building upon the strong patch of economic data. The index is currently seen extending gains for four consecutive sessions so far. But the momentum could stall ahead of the FOMC meeting due later in the week. The… Read More

USD Rally Continues The US dollar continues to trade higher into the middle of the week as the reversal lower in equities keeps the greenback bid on Tuesday. Looking ahead, the main focus of the week will be tomorrow’s FOMC meeting. No… Read More

Equity markets extended the declines from Friday’s close. The weakness comes as investors remain concerned about the coronavirus outbreak. Cases have now been registered in the United States, France, and Australia, besides China. The… Read More

USD Finds Safe Haven Support The US dollar has kicked off the new week in the green as safe-haven demand linked to the ongoing outbreak of the Chinese Wuhan virus is keeping the greenback supported. The USD index is rallying firmly above… Read More

Equity markets were trading in the red into Friday’s close. The declines came partly as investor concerns rise on the impact of the Coronavirus breakout. Yields on the 10-year treasuries also increased, underlining investor concerns. Euro… Read More

USD Breaks Resistance The US dollar has been firmer over the last 24 hours with the USD index breaking above the 97.42 level yesterday. For now, momentum has stalled and price is sitting just above this level. The absence of any key US… Read More