Tag Archives: GBP

FX Market Analysis

GBP: Opened in early Europe at $1.5812 and stg0.7910. Closed in NY Friday at $1.5803 having slipped off early European highs of $1.5869.

European FX Daily

* Markets retrace yesterday’s gains * Singapore manufacturing weaker than expected in July

GBP: Opened early Europe at $1.5790, stg0.7896, GBP closed in NY at $1.5783, after recovering off pullback lows of $1.5773, seen after rate had pulled back from extended highs of $1.5805 (this move taking out barrier interest at $1.5800).

FX Market Analysis

GBP: Opened early Europe at $1.5725, stg0.7860, GBP closed in NY at $1.5711, having recovered off NY lows of $1.5683 (saw $1.5678 earlier in Asia).

Americas FX Daily

Risky assets open the week on a light bid What happened overnight * Spiegel reports ECB is considering imposing cap on Spanish yields * WSJ reports Spain seeks ECB commitment to unlimited bond purchases

CFTC: AUD gross long in new record; Aggregate dollar long drops

Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.

European FX Daily

* Asia FX in tight ranges * Flash PMIs key on the calendar in the euro zone this week * In the US, durable goods orders and FOMC minutes in focus

FX Market Analysis

GBP: Opened early Europe at $1.5695, stg0.7857, GBP closed in NY at $1.5697 after recovering from a session low of $1.5674, the rate having seen highs earlier in the day of $1.5728.

GBP Analysis

Opened early Europe at $1.5703, stg0.7862, GBP closed in NY at $1.5727, off intraday highs of $1.5745 with sterling getting a boost during Thursday’s session from the release of stronger than expected UK retail sales data, with risk appetite seen in NY providing additional buoyancy.