Tag Archives: GBP/USD
Daily FX Update
Growth currencies are outperforming and the USD is broadly weaker as we approach the NA session, as market participants take confidence in the stronger than expected employment release from Australia and
FX Daily Majors
Today’s highlights: EURGBP above .8351 has seen a base established, and we target .8392 initially, then the 200-day average at .8426.
Daily Technical Report
EUR/USD has moved above the strongresistance at 1.3893. The technical configurationis positive as long as the support at 1.3834(11/03/2014 low) holds. An initial support lies at1.3896 (intraday low).
The Global Macro Pulse
The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.
UBS Morning Adviser
Reality is challenging but sentiment shouldn’t take precedence G10 investors have been forced into crash courses on copper and
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6623 after rate had eventually triggered the reported stops below $1.6580, which took rate to extended lows of $1.6568, before it recovered to $1.6626 ahead of the close.
Daily FX Update
Markets remain quiet and in consolidation mode ahead of the NA session following an on-hold BoJ meeting and un-changed tone from policymakers at the BoE and ECB and as PBoC Gov.
Daily Technical Report
EUR/USD has weakened after failing to holdabove the strong resistance at 1.3893. Hourlysupports can be found at 1.3825 (28/02/2014high) and 1.3787 (36.8% retracement).
The Global Macro Pulse
G10 exchange rates traded sideways in Asia after their moves in late New York trading. EURUSD is a touch softer at 1.3853, AUDUSD is down slightly to 0.8960, and USDJPY is flat at 103.
Weaker GBP, AUD, CAD, PLN & CNH, stronger NZD and possibly SEK
EUR/USD: In this near-term timeframe the decline looks correctionalcompared to the impulsive lift, testing 1.3915 last week.Acceleration through supports at 1.3834/26 is needed to think otherwise.
UBS Morning Adviser
Consumer Confidence Stalls Japanese consumers are losing confidence in Japan’s policy agenda.