Tag Archives: GBP/USD

FX Daily Majors

Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.

The Global Macro Pulse

The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.

Daily Technical Report

EUR/USD is trying to stabilise after its recentsharp decline. Resistances for a short-termrebound are given by 1.3812 (02/05/2014 low)and 1.3871 (intraday high, see also the 50%retracement).

Commerzbank Holds EUR/USD Short For 1.35

Last week EUR/USD formed a key day and week reversal and dropped through the eleven month support line a t 1.3797, notes Commerzbank.

UBS Morning Adviser

A risk-off trade by nature, but direct FX link is possible On Monday UBS Macro Strategy proffered the view that it is now time for investors to

Daily Market Technicals

EUR/USD continues to find support ahead of the 100-DMA with a close below the 100-DMA not seen since early Feb. Initial resistance is now noted at Monday’s $1.3775 high with

GBP/USD Analysis

The pair closed in NY Monday at $1.6869 after rate had seen recovery highs of $1.6903 earlier in the session, off Friday lows of $1.6832 (Monday low $1.6840),

FX Flows From Hedge Funds

Net euro selling over UBS’ books hit a 5-week high last week as ECB President Draghi indicated the strong euro’s disinflationary impact “will have to be addressed”.

This week the scorecard recommends buying GBP…

This week the scorecard recommends buying GBP, NZD and CHF while selling NOK, AUD and USD.

Daily FX Update

FX markets are mixed, with growth currencies outperforming and safe havens weak. Equities are generally firmer and the U.S. 10‐year yield is up to 2.64%.

Daily Technical Report

EUR/USD has declined sharply after its bearishreversal near the key resistance at 1.3967. Thesupport at 1.3780 has been broken. A keysupport lies at 1.3673 (see also the rising wedge).

The USD was broadly stable against major crosses. EUR was unchanged at 1.376 and AUD held in at 0.936. USDJPY rose slightly to 102.05 following a weaker-than-expected Japanese current account release but