Tag Archives: GBP/USD
Daily Market Technicals
The recovery from $1.3705 appears to have run out of steam ahead of the 21-DMA with a close above needed to give the bulls hope and retest the key $1.3879 resistance targeted.
UBS Morning Adviser
Does anyone want to win the balance sheet stakes? President Draghi can expect the usual questioning monetary conditions on Thursday.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6624, the rate paring earlier gains that had seen it trade to a high of $1.6665 to an eventual NY afternoon low of $1.6621.
Daily FX Update
The S&P rallying to record high’s yesterday reflects encouraging risk sentiment; the reaction in FX has been more muted with a rally in NOK and a collapse in NZD the only noteworthy developments;
Daily Technical Report
EUR/USD continues to bounce after the test ofthe support at 1.3708. However, the decliningtrendline still favours a bearish bias. An hourlyresistance can be found at 1.3847 (25/03/2014high). Another resistance lies at 1.3876.
FX Daily Majors
Today’s highlights: USDJPY focus turns to important resistance at 103.64/77. Above here is needed for a better base in the range to test 104.85/94 next.
The Global Macro Pulse
The rise in US yields has helped to pull AUDUSD down to 0.9237 and push USDJPY up to 103.85. However, EURUSD has risen to 1.3803 ahead of today’s ECB meeting.
UBS Morning Adviser
Corporate Inflation Expectations Elevated Surprisingly, Japanese corporates attach some credibility to
Daily Market Technicals
The recovery from Friday’s $1.3705 low continues as daily studies threaten to correct from oversold levels and remain supportive of further topside. Bulls look for a close above the 21-DMA to
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6629 after rate had been able to recover off a post UK mfg PMI react low of $1.6619 to $1.6652 before drifting off into the close.
Daily FX Update
Markets are adding to risk as Asian and European data suggest that global growth trends are improving, albeit slowly. The USD is mixed; with softness in those currencies who had disappointing domestic events
Daily Technical Report
EUR/USD is bouncing near the support at1.3708. However, the declining trendlinecontinues to favour a bearish bias. An hourlyresistance for a short-term bounce can be foundat 1.3847 (25/03/2014 high). Another resistancelies at 1.3876.