Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: AUDUSD breaks its short-term downtrend, maintaining thoughts of a base, with a break above .9078/87 needed to confirm.
Daily Technical Report
EUR/USD has recently weakened near its keyresistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
The Global Macro Pulse
EUR has declined slightly to 1.372 ahead of today’s ECB meeting while a strong retail sales report spurred the AUD to rally to 0.901. EM Asia FX continued to strengthen with the exception of the THB which fell 0.1%.
UBS Morning Adviser
News flow improves We have previously highlighted the long-term downside risks for
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band, which drops to $1.3800, as well as by a band of resistance in the $1.3825/41 area, which contains former highs,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6723 after the rate had been driven to session highs of $1.6741 on a mix of stronger than forecast UK services PMI data,
Daily FX Wrap and Strategy
The NZD/USD made steady gains overnight, hand-in-hand with the AUD/USD, and sits 0.65% higher since yesterday morning at 0.8430. Disappointing local data failed to stem the march upward.
Daily FX Update
Markets are mixed, as FX markets suggest a further moderation in risk aversion and an improving global growth outlook; other asset classes are failing to confirm this,
Daily Technical Report
EUR/USD is showing signs of weakness near itskey resistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
The Global Macro Pulse
USDJPY was supported at 102.2 as US 10y yields continued to trade close to 2.70%. AUD spiked on a better GDP print, but has eased back to 0.896 at the time of writing.
EUR/SEK & EUR (USD)/NOK test supports. Cable trades lower
EUR/USD: The late Feb rise looks impulsive and the decline thereaftercorrectional (and the Mon “Inside Day” did not deliver andmeaningful downside attempt yesterday).