Tag Archives: GBP/USD

Daily Technical Report

EUR/USD has risen sharply, moving above theresistance a 1.3845. However, the failure to holdabove this level suggests a potential falsebreakout. A resistance now lies at 1.3876.

FX Daily Majors

Today’s highlights: AUDUSD focus remains on the 200-day average at .9138, a close above which can reassert a “head & shoulders” base, for .9410/.9510.

G10 FX price actions have been lackluster. The EUR was flat at 1.3830, USDJPY rose very marginally to 102.33 while AUD pulled back to 0.913, essentially unchanged from its NY close from a high of 0.916.

Weaker pound and an annoying USD/SEK “UpThrust” noted

EUR/USD: The market closed the session off the session’s best but stillhigh enough to show some kind of near-term demand – inspite of an earlier in the session break below 1.3766 whichindicated a completed correction higher.

UBS Morning Adviser

Is relative market calm in EM due to lighter activity? In recent weeks EM FX markets have shown remarkable resilience in the face of

GBP/USD Analysis

The pair closed in NY Monday at $1.6550, euro-sterling at stg0.8390. After failing to consolidate above $1.6500 during a subdued European session, risk appetite returned as the pair spiked to $1.6537.

USD: To Buy or Not To Buy?

Since last week’s Federal Reserve decision, the dollar has risen solidly against the major currencies, although less so or not at all versus emerging market currencies.

FX Daily Majors

Today’s highlights: USDCAD defends the point of breakout at 1.1157/53 keeping the trend higher to 1.1479, then our 1.1666/1766 core medium-term target.

Daily Technical Report

EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).

The Global Macro Pulse

The dollar has risen against the JPY, but is flat against the AUD and down slightly against the EUR. AUDUSD rallied to 0.9111 on the open, dropped to a low of 0.9049 after the HSBC China PMI,

UBS Morning Adviser

Dollar primed for a major rally in the coming months During last week’s FOMC meeting, Fed Chair Yellen implied that the first hike to

EUR & CAD seen weakening, NOKSEK a buy

EUR/USD: The slow rise from the 1.3749 low, the 161.8% Fiboprojection point, has so far followed a corrective path highercreating a bear flag. It is possible that the Friday high at