GBPUSD Archives - The Industry Spread

Gold Breaks Above 1,500, GPUSD Under Pressure

October 25, 2019

Asian equity indices ended mixed today after the ECB left interest rates unchanged as expected and while investors await that the Fed will cut interest rates by 25 bps next week.

Investors increased their bets the Fed will cut interest rates by 25 bp at its next meeting on October to protect the economy from slowing growth and the effects of the trade tensions.

Trade Deal Optimism Fades, GBPUSD Retreats From Five-Month Highs

October 16, 2019

Asian Indices ended higher today as global equities sentiment picking up a notch in progress around the Brexit deal. Doubts emerged about the US and China partial trade deal. China wants to proceed with further discussions before signing the phase one trade deal.

Asian Equities Higher, GBPUSD Retreats from Three-Month Highs

October 14, 2019

Traders increased their bets that the Fed will slash interest rates at its next meeting on October to protect the economy from slowing growth and the effects of the trade tensions. The Hang Seng index is trading 0.81% higher 26,521. The Shanghai Composite is 1.15% higher at 3,007, while in Singapore, the FTSE Straits Times is 0.30% higher at 3,123. The ASX 200 in Australia ended 0.54% higher at 6,642.

GBPUSD Cracks Below 1.20, BTC Breaks Above 10,000

September 3, 2019

Asian indices finished mixed today on traders concern about tensions between the China and USA and Brexit developments. The Hang Seng ended 0.39 percent lower at 25,527, Nikkei225 in Japan ended 0.02% higher at 20,625. The Shanghai Composite trading 0.21 percent higher to 2,930, while in Singapore the FTSE Straits Times index finished 0,06 percent higher at 3,084. The ASX 200 in Australia finished 0.10% lower to 6,573.

GBPUSD Slumps, Gold Higher

August 28, 2019

Asian indices finished mixed today as trade tensions between the China and USA ease. President Trump on Friday announced the increase of tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and above that, he will hike tariffs on another $300 billion in Chinese imports to 15% from 10%.

GBPUSD at 28 Months Low, AUDUSD Testing 0.639

July 29, 2019

Asian stocks start the week lower today as investors await the first interest rate cut in a decade from the Fed, and U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting. The Nikkei225 ended 0.37 percent lower at 21,577, the Hang Seng finished 1.20 percent lower at 28,056. The Shanghai Composite ended 0.14 percent lower to 2,940, while in Singapore the FTSE Straits Times index finished 0,63 percent lower to 3,343. Australian equities trading lower, The ASX 200 is trading near record highs as the ASX200 is gaining 0.14% to 6803.5. 

EURUSD and GBPUSD Under Pressure amid Broad USD Strength 

July 26, 2019

Asian stocks finished lower today as earnings disappointments pressure US indices. So far, the results season has been better than expected. With global leading indicators continuing to show the deterioration in the manufacturing sector particularly in Europe, global equities might correct after the recent highs. U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting.

EURUSD at Monthly Low, New UK Prime Minister to Drive GBPUSD

July 23, 2019

Asian stocks finished higher today as U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting. The Nikkei225 ended 0.95 percent higher at 21,620, the Hang Seng finished 0.11 percent higher at 28,402. The Shanghai Composite ended 0.07 percent higher to 2,888, while in Singapore the FTSE Straits Times index finished 0.26 percent higher to 3,365.

GBPUSD at 26 Months Low

July 16, 2019

The NIKKEI225 ended 0.69 percent lower at 21,535; the Hang Seng finished 0.23 percent higher at 28,619. The Shanghai Composite finished 0.16 percent lower to 2,937, while in Singapore the FTSE Straits Times index finished 0.21 percent higher to 3,354. Australian equities ended near intraday lows all while extending the market’s losing streak to three days.

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