Tag Archives: GBP
GBP Analysis
Cable closed in NY at $1.5865 after rate had recovered off a late NY session low of $1.5818. Rate eased into opening Asian trade, the rate marking lows at $1.5852 before picking up fresh demand that saw it move up to an overnight high of $1.5880 ahead of the European open.
GBP Analysis
Cable closed in NY around $1.5897, after correcting back from a late session rally high of $1.5915. Rate edged higher into Asia, the move up aided by EUR/USD and EUR/JPY led rally, with rumoured, then confirmed, strong China traded data providing the added lift to take rate on to a high of $1.5931.
European FX Daily – Chinese exports up, imports down
– European FX leads modest rally vs the USD, Asian equities mixed – Bank of Japan kept policy on hold as expected – China’s export growth higher than expected, imports disappointed – France’s industrial output likely rose in February
GBP Analysis
Cable closed in NY around $1.5890, after rate had bounced from traded lows at $1.5833 to a session recovery high of $1.5895. Rate resumed its recovery tone into Asian trading, pushing to a high of $1.5909 (Europe high Weds) before settling between $1.5895/05 ahead of Europe.
GBP Analysis
GBP closed in NY at $1.6005, below its focus 200-week moving average at $1.6014, though rate had traded to an intraday high of $1.6037 earlier in the session. Release of stronger than forecast Chinese PMI data on Sunday gave an early boost to risk into opening Asian trade, the rate getting lifted to $1.6030 before […]
FX Daily Strategist: Europe
Quarter-end flows impact bond markets more than FX After all the hype of some potentially dramatic end of month/quarter/Japan fiscal year-end flows, Friday went out with a whimper not a bang. The USD was mixed on the day, equities modestly firmer and bonds weaker (and much weaker into the close, to the consternation of many […]
GBP Analysis
GBP closed in NY at $1.5950, having recovered off session lows of $1.5860. Rate touched an early session low of $1.5949 before extending the recovery, breaking above key resistance at $1.5964 to take it on to an eventual session high of $1.5990 ahead of the European open.
GBP Analysis
GBP closed in NY at $1.5890, off extended pullback lows of $1.5842, as well as finishing the session above its 200-dma at $1.5851. Rate marked lows into early Asia at $1.5885 before stepping its way higher through the balance of the session, the rate edging to an eventual session high of $1.5910 ahead of the […]
GBP Analysis
Cable closed in NY at $1.5957, off pullback lows of $1.5945 which were seen after rate had pulled back from extended highs of $1.6002. Rate marked lows at $1.5947 into early Asian trade before stepping its way to an eventual high of $1.5964. Rate drifted off highs but remained buoyed above $1.5950 ahead of the […]
GBP Analysis
GBP closed in NY at $1.5966, off NY rally highs of $1.5974 and seen after markets reacted to dovish comments from Fed’s Bernanke. Rate touched an early high in Asia of $1.5972, as early direction was dictated by strong GBP/JPY demand, but move held off the NY high as well as the reported option barrier […]
FX Ringside
Risk-on as euro outlook continues to stabilize The euro remains surprisingly strong, probably still benefiting from short-covering previous very stretched, negative positioning in the currency. This situation is likely to continue for some time yet with the Euro-zone at least temporarily stable due to Greece being no longer in focus and European banks apparently possessing […]
FX Daily Strategist: Europe
Bernanke drive the USD lower, equities higher – but Treasury market is less impressed While the German IFO and a more positive outlook for this week’s Eurogroup meeting may have laid the groundwork, it was a dovish take on the US labour market from the Fed Chairman that had the greatest effect yesterday.