Tag Archives: GBP/USD

GBP/USD Analysis

The pair closed in NY Thursday at $1.6817 after was pressed to session lows of $1.6723 on the initial reaction to ECB Draghi’s liquidity action,

FX Daily Majors

Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.

Daily Technical Report

EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.

The summer seeds of a sterling selloff

Today’s Bank of England meeting shouldn’t provide any policy surprises, but things are likely to get more interesting over the summer as a full third of the current MPC are replaced.

The Global Macro Pulse

EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.

UBS Morning Adviser

Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.

Daily Market Technicals

EUR/USD has again pulled back from the key $1.3647-72 region only to find support ahead of the $1.3586 low from May 29.

GBP/USD Analysis

The pair closed in NY Wednesday at $1.6737 after rate had recovered off an intraday low of $1.6699 to $1.6768 on the back of stronger than forecast UK services PMi data,

Daily FX Update

Entering the second half of the week, FX markets are trading in narrow ranges as looming risk of central bank meetings and nonfarm payrolls looms.

FX Daily Majors

Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.

EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).

The Global Macro Pulse

The USD gathered strength in Asia trading, supported by higher US yields overnight. The 10y US Treasury yield retraced very marginally to 2.586% but still net 6.5bps higher than yesterday’s open.