Tag Archives: GBP
FX Market Analysis
GBP: Opened early Europe at $1.6200, stg0.8041, Cable closed in NY at $1.6152 after the post FOMC rally took rate to $1.6174 before it pulled back to $1.6138.
FX Market Analysis
GBP: Opened early Europe at $1.6118, stg0.8019, Cable closed in NY at $1.6108, having seen highs intraday of $1.6131 before pulling back to $1.6081.
FX G10 and EM Morning Trader Views
G10 EUR – Dips remain shallow barring 1 crazy sell off pre the esm vote in Germany yesterday down to 1.2815 – We go into the FOMC today against some pivotal resistance lvls at 1.2950/80/1.30 a break and close above 1.3050 would create further pain for the remaining shorts however its unlikely we see that […]
FX Market Analysis
GBP: Opened early Europe at $1.6075, stg0.8007, Cable closed in NY at $1.6073 after rate eased off highs at $1.6085 to $1.6067. Rate eased to retest that NY pullback low but again found support here.
FX Daily Strategist: Europe
-USD weakness comes into play ahead of FOMC on Thursday…we target NZDUSD higher USD weakness has taken hold of the FX markets as investors position for a positive outcome from the German Constitutional Court and the announcement of Fed QE3 at the Thursday FOMC Meeting.
FX Market Analysis
GBP: Opened early Europe at $1.6008, stg0.7977, GBP closed in NY at $1.5989 after rate had seen an impressive bounce off $1.5960 lows to $1.6018, the rate then pulling back to $1.5985 into the close.
FX G10 and EM Morning Trader Views
G10 EUR – Consolidation continues as the market awaits the next clues from FED and news from the German court ruling on the Euro rescue fund tomorrow. 1.2800 ish is setting up short term trend resistance from the recent high.
FX Market Analysis
GBP: Opened early Europe at $1.5990, stg0.7993, GBP closed in NY Friday at $1.6010, the rate having been pressured to a high in this session of $1.6034 as the dollar was sold across the board following the release of weaker than forecast US NFP data (increasing speculation that this week’s FOMC may favour QE3).
FX G10 and EM Morning Trader Views
G10 EUR – Impressive price action post payrolls Friday, the sell off couldn’t get back below 1.2700 and the close above 1.2750 (range highs) suggests that mkt moved towards qe3 and is taking back further medium term shorts
FX Market Analysis
GBP: Opened early Europe at $1.5935, stg0.7929, GBP closed in NY at $1.5935 after correcting back from NY session highs of $1.5943.
FX Market Analysis
GBP: Opened early Europe at $1.5902, stg0.7926, GBP closed in NY at $1.5902 having pulled back from a session high of $1.5934. Rate was squeezed to an extended low of $1.5892 as rate took direction from euro-dollar, which in turn reacted to the Aussie sell off following release of Australian jobs data.
FX G10 and EM Morning Trader Views
G10 EUR – ECB day has arrived, although much was leaked yesterday afternoon sending the eur a quick 100 pips higher. Eur x’s big beneficiaries from the sterilisation and also from the talk on seniority –