Tag Archives: GBP
FX Market Analysis
EUR: Opened early Europe at $1.2788, Euro-dollar closed in NY at $1.2796 after recovering from an intraday low of $1.2767, but below its 200-dma at $1.2830 (today coming in at $1.2828 and offering key resistance).
European FX Daily
– RBA unchanged, less dovish than expected – US elections exit polls available starting 7pm EST today – Greece to sell 182-day bills
FX Daily Strategist: US
– Disappointing UK CIPS Survey UK headline services PMI printed at 50.6 in October, down from 52.2 in September. At this level this still suggests the service sector is growing, but nonetheless it is the lowest reading since December 2010 with GBP likely to suffer on the back of this.
FX Market Analysis
EUR: Opened early Europe at $1.2830, Euro-dollar closed in NY Friday at $1.2835, just off session lows of $1.2822 seen following the release of stronger than forecast US employment data.
FX G10/EM Morning Trader Views
EUR – Trades poorly, only just managing a close above the 200 day (1.2830) in ny and now running stops 1.2810-1.2782 low. Its the first time i dont want to be no long eur now that these range lows at 1.2800 have broken.
FX Market Analysis
EUR: Opened early Europe at $1.2902, Euro-dollar opened flat in Asia around $1.2937 and after some early demand interest lifted to $1.2951. The pair met resistance and ground lower as interbank traders positioned shorts ahead of stops beneath $1.2925.
FX G10/EM Morning Trader Views
EUR – Traded poorly in the afternoon yesterday after that squeeze 1.2925-1.2983 and with no bounce in asia/late ny above 1.2950 we aggress the stops below to 1.2887 low this morning.
FX Market Analysis
EUR: Opened early Europe at $1.2960, Euro-dollar closed in NY at $1.2958, just off pullback lows of $1.2956 after rate had been pressured lower through the end month fixings on expected flows.
European FX Daily
– China PMIs rise in October, as did most other Asian PMIs – Korean trade data stronger than expected in October – UK PMI likely to ease, US ISM likely flat
FX G10/EM Morning Trader Views
EUR – Trading the range extremes well this week. Failure at 1.2880 Monday saw 2 days of decent short covering and corp demand which pushed us to that key 1.3020/30 resistance topside.
FX Market Analysis
EUR: Opened early Europe at $1.2960, Euro-dollar closed in NY at $1.2960 after easing from recovery highs of $1.2984, having seen lows into Tuesday’s Europe open of $1.2886.
FX G10/EM Morning Trader Views
EUR – Quiet o/n as we continue to work a few of the weak shorts out of system after the continued fail to break below 1.2880. Saw strong demand from corp, model and ctas yesterday but fresh selling against the top of this 1.2880/1.300 range capped us.