Tag Archives: GBP
GBP Analysis
Opened early Europe at $1.5370, stg0.8034, GBP closed in NY at $1.5406, having seen pressured lows in this session of $1.5360. Rate came under fresh sell pressure into early Asia, with rate pressured down to session lows of $1.5365 as it tracked the sell off in EUR/USD.
GBP Analysis
Opened early Europe at $1.5478, stg0.8002, GBP closed in NY at $1.5482 after rate was pressured to session lows of $1.5475. Rate tracked early downside pressure on EUR/USD, led by early AUD sales, which took rate to extended lows of $1.5463 before recovering.
GBP Analysis
Opened early Europe at $1.5614, stg0.7985, GBP closed in NY at $1.5632, as rate recovered off late European lows of $1.5608. Rate managed to extend the recovery to $1.5637 into early Asia before reversing.
GBP Analysis
Opened early Europe at $1.5673, stg0.7997, GBP closed Monday’s session at $1.5678, just off lows of $1.5675. Trade through Asia tracked EUR/USD, as the cross was contained within a tight range of stg0.79895/0.8000, with an early push up to session highs at $1.5683 reversing, then moving through Monday’s base before closing the gap left by […]
FX CFTC: Flight to dollars (and JPY) intensifies
The weekly collection of data from the CFTC covering the week ending May 22 showed a huge increase in the net dollar long postion as all of the eight IMM currency futures were sold apart from the JPY.
GBP Analysis
Opened early Europe at $1.5702, stg0.8019, GBP closed in NY Friday at $1.5660, as rate recovered off traded lows of $1.5630. Rate was marked higher into early Asia on weekend press reports which prompted a move back into risk.
Technical Analysis: Wave Principle Letter (Americas): The big sell-out
Financial history is littered with examples where prominent corporate deals mark significant turning points. And the Information Technology sector seems to have all the technical analysis components necessary for a lasting downturn, in tune with American stock markets in general. The US Dollar is finally starting to lift off from its bottoming cycle, bond yields […]
GBP Analysis
Opened early Europe at $1.5652, stg0.8005, GBP closed in NY at $1.5669 after recovering off a late pullback low of $1.5648. Rate tracked EUR/USD moves, pushing up to an early session high of $1.5674 before reversing to retest that NY low, while EUR/GBP was contained by stg0.80005-0.8011.
GBP Analysis
Opened early Europe at $1.5682, stg0.8017, GBP closed in NY at $1.5690, after correcting off late lows of $1.5675 to $1.5710 as rate tracked EUR/USD moves. Trade through Asia saw rate consolidate Wednesday’s losses, trade restricted to a tight $1.5675/1.5700 range, before coming under fresh downside pressure into Europe as it extended lows to $1.5668.
Asia today: No change from the BOJ sees JPY moderately higher
The Bank of Japan decided to keep interest rates unchanged and left the asset purchase fund unchanged at ¥40 tln and its credit lending programme at ¥30 tln. The Bank commented that caution was needed due to the uncertainty in global financial/capital markets and the European debt problem but the US economy’s moderate recovery and […]
GBP Analysis
Opened early Europe at $1.5810, stg0.8086, GBP closed in NY at $1.5826 after a late session recovery saw rate track EUR/USD stronger IMM close inspired rally which took it to late highs of $1.5841. This lagging of EUR/USD rise saw EUR/GBP extend its recent recovery to stg0.8098 but was seen meeting strong hedge fund offers […]
GBP Analysis
Opened early Europe at $1.5833, stg0.8078, GBP closed in NY Friday at $1.5818, after easing from a late recovery to $1.5838. The corrective pullback continued into early Asia, the move down tracking EUR/USD, with rate touching a low at $1.5795 before recovering.