Tag Archives: GBP
A week to save the Eurozone?
“Its like déjà-vu, all over again” – Yogi Berra After the relief of a ‘pro-bailout’ Greek government and a G20 communique that urged and promised action to stem the Eurozone crisis, a sense of reality has returned to the market sentiment.
GBP Analysis
Opened early Europe at $1.5676, stg0.8082, GBP closed in NY at $1.5717 having seen a volatile post FOMC session with moves tracking EUR/USD reaction.
GBP Analysis
Opened early Europe at $1.5725, stg0.8059, GBP closed in NY at $1.5726, after its late recovery extended to a high of $1.5757 ($1.5758 76.4% $1.5802-1.5615). Rate eased to $1.5718 ahead of the session close.
GBP Analysis
Opened early Europe at $1.5690, stg0.8038, GBP closed in NY at $1.5670, off session lows of $1.5637, and continued to recover into Asian trade with rate trailing EUR/USD stronger correction to a session high of $1.5692.
GBP Analysis
Opened early Europe at $1.5706, stg0.8090, GBP extended gains Friday to $1.5724 with the weekend Greek election result spiking the rate to an extended high of $1.5802 before the early react enthusiasm faded and allowed rate to slip back to $1.5692, settling between $1.5695/1.5715 ahead of Europe.
GBP Analysis
Opened early Europe at $1.5545, stg0.8131, GBP closed in NY at $1.5552, off recovery highs of $1.5564 as it took direction from EUR/USD moves, risk gaining a boost on the back of reports suggesting G20 were preparing for coordinated action to provide liquidity if needed after the Greek election Sunday.
GBP Analysis
Opened early Europe at $1.5528, stg0.8101, GBP closed in NY at $1.5511 after rate was pressed to intraday lows of $1.5504 as EUR/GBP extended its recovery to stg0.8107 from Wednesday’s pullback lows of stg0.8012.
GBP Analysis
Opened early Europe at $1.5473, stg0.8120, GBP closed in NY at $1.5495, off a late recovery high of $1.5504 (NY high $1.5516). Rate continued its corrective pullback in early Asia, touching a session low of $1.5470 before picking up fresh demand.
GBP Analysis
Opened early Europe at $1.5425, stg0.8105, GBP closed in NY at $1.5385, just off late recovery highs of $1.5388 with move up aided by EUR/GBP extending its corrective pullback to stg0.8089, off earlier highs of stg0.81405.
GBP Analysis
Opened early Europe at $1.5397, stg0.8135, GBP closed in NY at $1.5383, off best recovery levels of $1.5816. Rate initially dipped in early Asia to mark session lows at $1.5376 before tracking EUR/USD stronger recovery, pushing up to $1.5409.
GBP Analysis
Opened early Europe at $1.5367, stg0.8072, GBP closed in NY Friday at $1.5360 after rate had seen post US NFP lows of $1.5279 before spiking to $1.5440 as market turned focus onto the possibility of QE3 based on the jobs data.
FX CFTC: Dollar long rising again – look out for the correction
Speculators expressing their views through the holding of IMM currency futures increased their net long exposure to the dollar again during the week ending May 29. The increase however was the smallest recorded during the last four weeks of dollar buying with the selling not concentrated against one single currency alone but spread out particularly […]