Tag Archives: GBP/USD

UBS Morning Adviser

Risk-reward in dollar shorts falling The lack of positive reaction post US news has been a strong source of frustration for dollar bulls.

Daily Market Technicals

Following on from Friday’s dip below the 100-DMA the pair bounced back towards the $1.3753 resistance level to start the new week. Bulls need a close above $1.3753 to

GBP/USD Analysis

The pair closed in NY Monday at $1.6610 after rate had been able to eventually play catch up on euro-dollar’s recovery, trading up from European morning lows of $1.6567 to $1.6624.

Daily FX Update

The USD is mixed into the open with growth currencies underperforming and European currencies outperforming. Geopolitical risks are a core focus as is profit taking.

EUR/USD is approaching the key support at1.3643 (see also the closest rising trendline),which could spur some short-term buyinginterest. Hourly resistances can now be found at1.3753 (02/04/2014 low) and 1.3820 (02/04/2014high).

The Global Macro Pulse

Dollar-G10 is essentially unchanged in Asian trading with AUDUSD at 0.9281, EURUSD at 1.3698, and USDJPY at 103.26.

UBS Morning Adviser

EM once again benefits from low US rate expectations EM currencies were again beneficiaries of falling US rates as weaker US data

Daily Market Technicals

The move lower continued with the pair dipping below the 100-DMA. Resistance in the $1.3731-53 region is key with bulls needing a close above to ease the bearish pressure that dominated following the

GBP/USD Analysis

The pair closed in NY Friday at $1.6575 after rate had bounced off session lows of $1.6555 to $1.6606 following the release of US NFP data, before settling around $1.6580 into the end of the week.

Weekly Economic & Financial Commentary

U.S. Review A Broadening Recovery Offsets Near-Term Weakness · Nonfarm payrolls increased across most industries in March,

Daily FX Update

Markets are favouring risk but quiet leading into the nonfarm payrolls release reflecting the expectation of a return to the all important 200k pace of monthly job gains.

FX Daily Majors

Today’s highlights: EURUSD’s break below the 55-day average at 1.3723/04 sees topping risks mount and adds weight to our bearish “wedge” story.