Tag Archives: GBP/USD
Daily Technical Report
EUR/USD has thus far failed to break the keyresistance at 1.3967. However, the short-termtechnical structure is positive as long as thesupport at 1.3865 (05/05/2014 low, see also therising channel) holds.
FX Daily Majors
Today’s highlights: GBPUSD stays bullish to test the multi-year range highs at 1.7044, then 1.7287 with our core target at 1.7332.
The Global Macro Pulse
In FX, AUD was the big mover in early trading, rallying 0.4% to 0.937 on the back of good employment data and stronger-than-expected China trade. EUR found support around 1.3906 and
UBS Morning Adviser
Rhetoric becomes fashionable Like the euro, the New Zealand dollar has been propelled higher over the past year.
Daily Market Technicals
The $1.3889-1.3905 region continues to support the EURUSD with immediate focus remaining on the $1.3967 2014 high until a break lower is seen.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6955 as rate continued to slowly give back Tuesday’s gains, the rate reversing away from Tuesday highs of $1.6997 through Wednesday to a session low of $1.6952.
BNPP Introduces A New Forecasting Model
BNP Paribas today introduces a new forecasting model ‘CLEER’ which is a medium-term fair value model for currencies.
Daily FX Update
A lack of follow through of yesterday’s USD weakness is a warning but the downward trend remains strong. Event risk today is centered on Chair Yellen,
Daily Technical Report
EUR/USD has broken to the upside out of itsrecent consolidation between 1.3780 (09/04/2014low) and 1.3906 (11/04/2014 high), opening theway for a test of the key resistance at 1.3967.
FX Daily Majors
Today’s highlights: GBPUSD stays bullish to the multi-year range highs at 1.7044, then 1.7285 with our core target at 1.7332.
The Global Macro Pulse
The USD has rebounded somewhat after the sharp sell-off overnight. NZD was the main contributor, down 0.8% to 0.869 following the RBNZ jawboning effort.
Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, USD/CAD
EUR/USD: Prior resistance just over 1.39 is converted into presumed support with a mid-body point now contributing to this thought.