Tag Archives: EUR/GBP
Daily Market Technicals
Since breaking and closing below the 100-DMA for the first time since early Feb the pair had consolidated below as it hesitates ahead of the rising daily trend line and Apr 4 monthly low.
FX Daily Majors
Today’s highlights: EURGBP resumes its medium-term bear trend and we look for further weakness to .7800.
Daily Technical Report
EUR/USD declined further yesterday and isnow close to the key support at 1.3673 (see alsothe wedge formation). Given the recent sharpdecline, a short-term phase of stabilisation islikely.
BNP Paribas increased its short EUR exposure
BNP Paribas increased its short EUR exposure via a fresh short position in EUR/GBP.
The Global Macro Pulse
EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15.
UBS Morning Adviser
Policy to continue weighing on krona, but watch positioning Within the minor currencies, the krona appears most at risk of more easing.
FX Daily
Euro industrial production is expected to decline in March in line with the movementacross countries. The lower production is partly due to fewer working days in March.
Daily Market Technicals
After having found support ahead of the 100-DMA to start the new week the EUR/USD finally managed the first close below the 100-DMA since Feb which adds weight to the bearish case and
FX Daily Majors
Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.
Daily Technical Report
EUR/USD is trying to stabilise after its recentsharp decline. Resistances for a short-termrebound are given by 1.3812 (02/05/2014 low)and 1.3871 (intraday high, see also the 50%retracement).
UBS Morning Adviser
A risk-off trade by nature, but direct FX link is possible On Monday UBS Macro Strategy proffered the view that it is now time for investors to
FX Daily
We expect another small decline in German ZEW expectations in May after it hastrended downwards during the first few months of 2014.