Tag Archives: GBP/USD
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
UBS Morning Adviser
Without robust growth, portfolio flows will be stagnant Ongoing Bank of Canada accommodation has driven CAD underperformance this year.
Daily Market Technicals
The failure to carry on with the move lower Thursday after having traded at fresh 3 month lows combined with O/S daily studies looking to correct higher is a worry for bears.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6717 after rate saw a sharp reversal off session lows of $1.6693 to $1.6741 during the European morning,
Daily FX Update
The bond market is telling an important story. Yesterday the U.S. 10-year yield collapsed and there has been follow through today, with it moving into the open at an 11-month low of 2.42%.
FX Daily Majors
Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.
Commerzbank: GBP/USD View
GBP/USD accelerated lower, breaking below the 6 month uptrend, notes Commerzbank.
Daily Technical Report
EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.
The Global Macro Pulse
AUDUSD rallied to 0.9276 in response to a better-than-expected capex survey. EURUSD traded to a low of 1.3589 before recovering to 1.3607 while USDJPY dipped to 101.69.
UBS Morning Adviser
April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.
Daily Market Technicals
The move towards the 2014 low continued on Wednesday with the EUR/USD breaking and closing below the previous initial support at $1.3612.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6711 after rate had been pressed lower through the day, further extending its corrective pullback from recent highs of $1.6883 (May27).