Tag Archives: GBP/USD

Daily FX Wrap and Strategy

The NZD/USD was the weakest performing currency overthe past 24-hours. It sits at 0.8490 this morning.Fonterra announced its forecast payout for the 2014/15season yesterday morning.

Daily FX Update

Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.

FX Daily Majors

Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.

Daily Technical Report

EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).

Commerzbank: GBP/USD View

In GBP/USD, Commerzbank notes that yesterday it charted an outside day to the downside breaking below the 6 month uptrend at 1.6784.

The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.

UBS Morning Adviser

Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,

Daily Market Technicals

EUR/USD continues to oscillate around the 200-DMA ($1.3641) with initial resistance noted just ahead on the hourly time frame today.

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6810 after rate was pressed back from early European session highs of $1.6883 to a low of $1.6782 during

Daily FX Update

Markets are quiet leading into a slew of U.S. data and favouring risk taking. Equities are strong the US 10 year is at 2.53% and the USD is mixed, but changes since yesterday’s close are minor.

FX Daily Majors

Today’s highlights: USDCAD remains under downside pressure, targeting May’s low at 1.0813 next, with scope for 1.0738/31.

Daily Technical Report

EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),but has thus far failed to hold below it.