Tag Archives: GBP/USD
The Global Macro Pulse
In FX, the dollar has weakened against the EUR and AUD, but is flat against the yen. AUDUSD corrected up to 0.9259 and EURUSD rose to 1.3657 despite dovish sounding comments from ECB President Draghi overnight.
UBS Morning Adviser
CNH implied forward yield has been rising in spite of ample onshore liquidity In recent weeks the USDCNH forward curve has been climbing steadily;
Daily Market Technicals
After beginning the new week below the 200-DMA ($1.3640) and looking a little heavy, the pair closed back above the 200-DMA on Monday which eased the bearish pressure a little.
GBP/USD Analysis
The pair closed Monday’s holiday thinned session (US and UK closed) at $1.6843 after rate had recovered off early lows of $1.6828 to $1.6854 in very subdued trade.
Daily FX Update
Today is a US and UK holiday leaving liquidity light and opening the potential of some awkward chart patters; particularly once Europe closes, leaving Canada as the sole open market.
Commerzbank: GBP/USD View
In Cable, Commerzbank notes that it eased lower towards the end of the week and while this alleviates immediate upside pressure we will need a close below the uptrend channel at 1.6771 to confirm that the market has topped.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),suggesting persistent short-term sellingpressures.
Daily Market Technicals
EUR/USD continues to work its way lower with Friday’s close below the 200-DMA the first since early Sept. The close below adds weight to
GBP/USD Analysis
The pair closed in NY Friday at $1.6832 after rate had extended its corrective pullback, off May21 highs of $1.6922, during the NY session to $1.6813 before edging back into the close.
FX: final call, EURUSD
The EURUSD tapped the 200D MA, but still needs to confirm on higher volume. The USD uptrend has begun? Not if USDCHF stalls here.
Weekly Economic & Financial Commentary
U.S. Review As Good as It Gets. As Good as Can Be Expected. • April’s housing data showed some modest improvement but
Daily FX Update
Entering a UK and US long weekend markets are relatively quiet, with the USD stronger, equities flat and the U.S. 10-year at 2.55%.