Tag Archives: EUR/GBP
UBS Morning Adviser
Sovereign interest supportive Widening trade and current account surpluses have conspired to push USDKRW to a new 5½ year low.
FX Daily
The key event will be the US employment report for April (14:30 CET). We lookfor a solid rise of 220k in non-farm payrolls,
Daily Market Technicals
The move higher continues to stall ahead of the $1.3905 Apr 11 high with the relatively bearish close Thursday of some concern to bulls.
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. The rebound near the keysupport at 1.3780 (09/04/2014 low) has pushedprices close to the top of the recent range.Monitor the resistance at 1.3906.
UBS Morning Adviser
Yesterday onshore USDCNY crossed 6.2650 intraday; 1.74% above fixing Until recently USDCNY spot has stayed slightly above 1% from official fixing,
FX Daily
We see further improvement in ISM manufacturing for April as jobless claimsand regional surveys point to a decent rebound in activity going into Q2.
Daily Market Technicals
The sharp move lower Wednesday again managed to dip below the 21-DMA before recovering to close above with the result being a triple daily top around the $1.3879 level.
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. Despite yesterday’sweakness, the short-term technical structure ispositive as long as the support at 1.3780(09/04/2014 low) holds.
UBS Morning Adviser
No change to the QQE target The Bank of Japan’s overnight decision reaffirmed the existing policy stance,
FX Daily
The FOMC meeting tonight should provide few surprises as the Fed tapersanother USD10bn of asset purchases.
Daily Market Technicals
The sharp move lower from the $1.3879 level Tuesday leaves a double daily top in place and combined with the relatively bearish close sees focus shift lower to the key $1.3779 support.
FX Daily Majors
Today’s highlights: NZDUSD has fallen to key price and “neckline” support at .8536/14, beneath which would see the expected better top.