Tag Archives: EUR/GBP
FX G10/EM Morning Trader Views
EURUSD – Early short covering in the morning yesterday saw some heavy volume at 1.2880/1.2898 area but it was telling that we never went higher and
Morning FX Market Commentary
EUR/USD nearing the 2012 low The euro extended its downtrend on soft comments from ECB Asmussen and an S&P downgrade of the Italy.
EUR/GBP Technical Analysis
(0,8590) EUR/GBP formed a negative outside day after a 0,8670 overshooting. Only a daily closing below 0,8587 will however confirm a top.
UBS Morning Adviser
Balance Sheets Matter ECB Executive Board Member Joerg Asmussen turned the screw on the euro on Tuesday by initially stressing that forward guidance by the ECB goes ‘beyond 12 months’.
US Morning Update
Major overnight headlines: • UK industrial production down 2.3% YoY in May, April revised down, GBP slumps modestly on UK data
Daily FX Volume and Technical Strategy: Three triggers for USD strength
The lower close in US 10yr yields left a momentum warning suggesting a period of consolidation.
FX G10/EM Morning Trader Views
EURUSD – Squeezed yest as few shorts covered after the hold above 1.2800 and seeing further covering today on ldn open as we open above 1.2880 resistance
EUR/GBP Technical Analysis
(0,8613) EUR/GBP confirmed yesterday further consolidation interior the inside day with 0,8645 – 0,8495 still the levels to follow in the coming hours.
Trade Idea: EUR/GBP Buy
For the 3rd week in succession EUR/GBP posted net gains last week but the cross has yet to break .8636, the 16 week high trade.
UBS Morning Adviser
Summer Precautions Necessary If the UBS FX Flow Report’s volume figures for last week are anything to go by, most investors have left for the summer.
Conditional pre-commitment
Last week saw an unprecedented move by central banks in Europe towards stronger guidance about the outlook for monetary policy.
FX Daily Majors
• GBPUSD’s aggressive sell-off has extended and the spotlight turns to key support at 1.4855/32.