Tag Archives: EUR/GBP
The Market Pulse
For the ECB, we think that the refi-rate will be cut by 25 basis points to 0.50%, while also some other measures aimed at repairing the transmission mechanism might be announced.
Morning FX Market Commentary
On Monday, European markets started the new week in a positive mood as investors welcomed the end of the political stalemate in Italy.
FX Daily
Key news – Italian government scraps tax increases and signals less fiscal austerity. – Japanese data weaker than expected but still suggest a recovery has started.
UBS Morning Adviser
It’s April 30th and so the BoJ’s new easing program has reached the end of its first month of operation. There have been some teething issues – notably a sharp increase in JGB volatility.
EUR/GBP Technical Analysis
(0,8450) EUR/GBP failed to extend further the decline confirming instead a corrective rebound. While above 0,8440 on an hourly closing we could still see further upside potential toward the 200
Morning FX Market Commentary
On Friday, traders awaited the US Q1 GDP release. The report was a bit weaker-than-expected, but underlying not to bad.
FX Daily Majors
Today’s highlights: – GBPUSD’s extension through 1.5423 keeps the immediate bias up to the channel highs at 1.5566, where we would look for a fresh attempt at a top.
EUR/GBP Technical Analysis
(0,8413) EUR/GBP confirmed a negative closing on Friday that it failed to confirm a break below 0,8411, a key level. The weekly closing was weak supporting lower levels!!
UBS Morning Adviser
Japan To Buy Asian Bonds? Local media reports indicate that Japan may diversify some of its FX reserves into the bond markets of South East Asia. The announcement could come as early as Friday May 3rd ¹.
FX Daily
Key news – In Italy a broad three-party coalition was sworn in on Sunday. – Bank of Cyprus has converted 37.5% of deposits above EUR100,000 into equity.
Technical Alert
JPY reaction getting traction, bonds in demand, EUR/USD Stalemate, USD/JPY More selling in the pipe, EUR/GBP Continues to push for a break,
FX Daily Majors
Today’s highlights: – GBPUSD has staged an remarkable rally above 1.5413/23, allowing the recovery to extend to the channel highs at 1.5555 where we would look for a fresh attempt at a top.