Tag Archives: GBP/USD

Daily FX Wrap and Strategy

The NZD/USD sits only marginally higher this morning, at0.8630.The NZD/USD has traded a tight range over the past 24-hours in the absence of domestic data releases.

Daily FX Update

European currencies are strong others are flat as the market digests what has generally been growth supportive developments this week. A non‐event Fed meeting,

EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. The rebound near the keysupport at 1.3780 (09/04/2014 low) has pushedprices close to the top of the recent range.Monitor the resistance at 1.3906.

UBS Morning Adviser

Yesterday onshore USDCNY crossed 6.2650 intraday; 1.74% above fixing Until recently USDCNY spot has stayed slightly above 1% from official fixing,

Daily Market Technicals

The sharp move lower Wednesday again managed to dip below the 21-DMA before recovering to close above with the result being a triple daily top around the $1.3879 level.

GBP/USD Analysis

The pair closed in NY Wednesday at $1.6872 after rate had recovered off intraday lows of $1.6805 to $1.6902, the move up aided by the release of very poor US GDP data which weakened the dollar across the board.

Daily FX Wrap and Strategy

The NZD/USD pushed higher in the early hours of thismorning, in the backdrop of a weak USD. It sits at 0.8620this morning.Yesterday’s ANZ business survey showed an expectedpullback in its headline readings.

Daily FX Update

Entering today’s risk laden session most asset classes are relatively stable. Equities are vaguely weaker, the US 10‐year yield is trading at 2.7%, the USD is mixed and gold is soft.

Daily Technical Report

EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. Despite yesterday’sweakness, the short-term technical structure ispositive as long as the support at 1.3780(09/04/2014 low) holds.

The Global Macro Pulse

USDJPY took a dip to 102.40 before BoJ decision and has been unchanged post BoJ, EUR was flat at 1.381 ahead of today’s flash CPI release.

UBS Morning Adviser

No change to the QQE target The Bank of Japan’s overnight decision reaffirmed the existing policy stance,

Daily Market Technicals

The sharp move lower from the $1.3879 level Tuesday leaves a double daily top in place and combined with the relatively bearish close sees focus shift lower to the key $1.3779 support.