Tag Archives: GBP
Mid-Day FX Market Analysis
EUR – Opened heavy in thin European trade and made a show under $1.3100, flushing stops to print a low of $1.3093.
G10 FX financial scorecard
– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.
CFTC: JPY net-short reduced again ahead of resistance
Hedge Funds only made some small adjustments to their IMM currency futures positions during the week ending April 30.
The Week Ahead in FX
In the week ahead, investors will be watching interest rate decisions by the Reserve Bank of Australia and the Bank of England.
FX SENTIMENT REPORT
– There were very few changes this week as the market was likely hesitant to make significant positioning shifts leading into the FOMC, ECB and nonfarm payrolls.
US Market Preview
USD: The Dollar is finding moderate pressure this morning but has held onto a sizable portion of yesterday’s sharp recovery rally in front of today’s trading session.
Foreign Exchange Outlook
The USD has entered a period of retracement, weakening against most currencies in April (except the JPY),
Better news in services
In April, activity accelerated again in services. The CIPS services activity index (up to 52.9 from 52.4) reached its highest level since August 2012.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3059 after rate had seen a whippy reaction to the ECB 25bp refi rate cut,
US Market Preview
USD: The Dollar appears to have found some footing after six straight losing sessions, but still has a long way to go in order to fully recover from this current downdraft.
Mid-Day FX Market Analysis
EUR – Closed Wednesday’s NY session at $1.3183 having bounced off initial FOMC react lows of $1.3169 to $1.3224 before drifting off into the close.