Tag Archives: GBP
GBP Analysis
Opened early Europe at $1.5504, stg0.7895, GBP closed in NY at $1.5503, after posting lows in NY post FOMC Minutes (less dovish than expected), of $1.5487.
GBP Analysis
Opened early Europe at $1.5520, stg0.7898, GBP closed in NY at $1.5515 after marking lows at $1.5478 and recovering to $1.5520/25. Rate touched an early low of $1.5511 before reserve manager demand lifted the rate on to $1.5530.
FX G10 and EM Morning Trader Views
G10 EUR – Mkt has been on the defensive this week worried about being caught on a squeeze that has never really come with 1.2330/40 providing stiff resistance –
GBP Analysis
Opened early Europe at $1.5507, stg0.7925, GBP closed in NY at $1.5526, off late NY recovery highs of $1.5535 after rate had seen lows earlier in the day at $1.5470 ($1.5462 post NFP Friday).
Speculative Positions
Normalization of previous risk-off positioning the major theme Summary of the non-commercial (“speculative”) accounts in the CoT report (June 27 – July 3)
FX G10 and EM Morning Trader Views
G10 EUR – Quiet o/n with eur failing to push on above 1.2330 lvl despite stops in the market – Still not huge clarity coming from the EU finance ministers meetings although comments from Schauble regarding use of ESM/EFSF funds ‘without warning’ suggests that they may stand ready to step in if Spanish and Italian […]
GBP Analysis
Opened early Europe at $1.5493, stg0.7935, GBP closed in NY Friday at $1.5490, off session lows of $1.5462. Rate was pressed lower into early Asian trade, as rate tracked the early downside pressure on EUR/USD, though rate remained above its Friday lows, meeting demand around the $1.5470 level.
FX G10 and EM Morning Trader Views
G10 EUR – So we open the week in asia with a nice push to a new years low at 1.2225, however we bounce right back as mkt takes some profit on this 3% move into the EU finance ministers meeting later today – That said we still only have managed a move back to […]
GBP Analysis
Opened early Europe at $1.5527, stg0.7973, GBP closed in NY at $1.5524 after rate had been pressed to lows of $1.5500 during Thursday’s session following BOE QE expansion, but more effect seen from the ECB cutting rates by 25bps, as well as growth concerns voiced by ECB Draghi.
FX G10 and EM Morning Trader Views
G10 EUR – Have to say surprised by the follow through to the downside yesterday – we never looked back from the rate change announcement taking out the support at 1.2450/1.2410 – and very little retracement back above that 1.2410 support lvl since – we await payrols today but i think market again looking for […]
GBP Analysis
Opened early Europe at $1.5610, stg0.8026, opened Asia just off Wednesday’s lows of $1.5574, having eased back from late recovery highs of $1.5610.
GBP Analysis
Opened early Europe at $1.5675, stg0.8033, GBP closed in NY $1.5685, off European recovery highs of $1.5708. Rate recovered in early Asia, the rate posting highs at $1.5690 before turning lower and tracking EUR/USD slippage to $1.5667.