British Pound Sep '19 (B6U19)Get Barchart Premier
British Pound Futures Market News and Commentary
The dollar index (DXY00) on Monday moved up +0.207 (+0.21%). Sep euro-fx futures (E6U9) closed down -0.00016 (-0.15%), and EUR/USD (^EURUSD) fell -0.0007 (-0.06%). Sep yen futures (J6U9) closed down by -0.0031 (-0.33%), and USD/JPY (^USDJPY) rose +0.26 (+0.24%). The dollar index rallied to a 2-week high Monday on reduced U.S./China trade tensions that boosted stocks and reduced safe-haven demand for the yen. Trade tensions receded a bit after U.S. Commerce Secretary Ross said on Monday that China's Huawei Technologies has been granted a 90-day extension to do business in the U.S. The dollar also found support on comments from White House economic director Kudlow who said on Sunday that recent phone calls between U.S. and Chinese trade negotiators have been "positive." The yuan fell against the dollar Monday by -0.11% to 7.0507 yuan/USD, just above last Tuesday's 11-1/4 year low of 7.0726 yuan/USD. EUR/USD moved lower Monday after Eurozone July CPI was revised lower to a 2-1/2 year low of +1.0% y/y from +1.1% y/y, which prompted ECB Governing Council member Muller to say, "Eurozone inflation clearly trails the target, and this may mean the ECB will have to add stimulus." Also, the Bundesbank in its monthly report on Monday warned that Germany could be about to fall into recession saying that German output will remain "lackluster" in Q3 and "could continue to fall slightly." Q2 German GDP fell by -0.1% q/q, which means another quarter of contraction in Q3 would be the start of a technical recession in Germany, Europe's largest economy. On the positive side for EUR/USD was the comment by German Finance Minister Scholz that Germany could spend an extra 50 billion euros ($55 billion) in an economic crisis. USD/JPY moved higher Monday after the sharp rally in equities curbed the safe-haven demand for the yen.
- USDJPY Recovers With Eyes On 107.21 Resistance Zone
USDJPY recovers with eyes on 107.21 resistance zone. This is coming on the back of its Monday gain.
- Currency Playbook - Blue Line FX Rundown
Actionable ideas for the Dollar, Euro, Yen, Aussie and Canadian.
- GBPUSD Continues To Faces Corrective Recovery Risk
GBPUSD continues to face corrective recovery risk as it eyes further bullishness. Support comes in at 1.2100
- Stock Index Futures Higher on Overseas Fiscal Stimulus Plans
There was support after German Finance Minister Olaf Scholz hinted that Germany may initiate an approximately $55.55 billion new fiscal stimulus package....
- GBPUSD Risks Flip Higher
GBPUSD trying to form a small base with the bias shifting higher
- GOLD Broader Bias Remains higher But With Corrective Warning
GOLD broader bias remains higher but with corrective warning. On the downside, support comes in at the 1,500.00 level