Tag Archives: GBP/USD
Nomura: The Great Moderation Of 2014: What’s Now For Volatility?
The macro environment over the past three to four months has been characterised by a decline in realised and implied volatility to very low levels across a range of products (from FX to equity volatility).
Daily Technical Report
EUR/USD is challenging again the strongsupport at 1.3643 (see also the 200 day movingaverage). A break of the resistance at 1.3734(19/05/2014 high) is needed to
FX Daily Majors
Today’s highlights: EURUSD spotlight remains firmly on its 200-day average at 1.3636/35, below which would add weight to thoughts of a larger top.
The Global Macro Pulse
The dollar is similarly mixed. EURUSD has drifted down to 1.3646 and USDJPY is up to 101.77, but AUDUSD has recovered early losses to trade at 0.9243.
UBS Morning Adviser
Leap-frogging the Australian Dollar FX reserve managers and sovereign wealth funds are adding renminbi to their portfolios,
Daily Market Technicals
EUR/USD continues look heavy with lower daily highs weighing, but support remains on approach to the 200-DMA. Bulls now look for a close back above the $1.3688 level to
GBP/USD Analysis
The pair closed in NY Thursday at $1.6868 after rate reversed away from earlier highs of $1.6918 to a low of $1.6851, though pullback said to have met demand in the move lower,
Daily FX Wrap and Strategy
The NZD/USD sits at a similar level this morning, around0.8560.The NZD/AUD came under initial heavy selling pressureafter the release of a stronger than expected HSBC ChinaPMI yesterday afternoon.
Credit Agricole: Stay GBP/USD Long, Targeting 1.70
The GBP has been supported, mainly on the back of better than expected retail sales data. The BoE minutes did not surprise in terms of the voting outcome.
Credit Agricole: FX View
We advise against selling the EUR in the very short-term. This is due to the heightened risk of the ECB disappointing elevated market expectations, especially when it comes to cutting the deposit rate to negative.
Daily FX Update
Markets are relatively quiet as global PMIs suggest ongoing expansion in both manufacturing and services with some evidence of deceleration.
FX Daily Majors
Today’s highlights: EURUSD spotlight remains on its 200-day average at 1.3635, below which can add weight to a large bearish “wedge” scenario.