Tag Archives: GBP/USD
Daily Market Technicals
The dip back towards the $1.3824 support overnight eased the previous bullish focus and sees pressure on a break lower. A close below $1.3824 remains needed to hint at a deeper correction back to
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6616 after rate had managed to recover off traded lows of $1.6596 to $1.6646 before rate eased into 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 thus far failed to hold above thestrong resistance at 1.3893. Hourly supports canbe found at 1.3825 (28/02/2014 high) and 1.3708(05/03/2014 low, see also the rising channel).
FX Daily Majors
Today’s highlights: EURGBP spotlight turns to the .8351 highs, above which would set a better base.
The Global Macro Pulse
G10 FX pairs are largely unchanged, but EM Asia currencies are stronger against the dollar despite USDCNY fixing 15pips higher to 6.1327. EURUSD has edged down to 1.3868, USDJPY is flat at 103.24,
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
Daily Market Technicals
ERU/USD managed an inside day to start the new week following Friday’s rally to fresh 2014 and 2.5 year highs. Bears are looking for a close below Friday’s low to ease the current bullish pressure and
GBP/USD Analysis
The pair closed in NY Monday at $1.6645 after rate had extended its corrective pullback, off Friday’s high of $1.6787, to $1.6622 as strong demand for euro-sterling
Daily FX Wrap and Strategy
The NZD has maintained a fairly tight range over the past24-hours, sitting just below 0.8470 currently. The NZD/USD has traded without much of a heart-beat inthe absence of key data releases domestically or offshore.
Daily Technical Report
EUR/USD is challenging the strong resistancearea between 1.3832 (25/10/2013 high) and1.3893. An initial support lies at 1.3825(28/02/2014 high), while an hourly support canbe found at 1.3708 (05/03/2014 low).
AUD & CAD turning down. NOK/SEK eyeing 1.0640.
EUR/USD: The trend line break continued to attract buyers on Fridaypushing the pair up to 1.3915 before stalling and giving upsome of the latest gains.