Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: NZDUSD’s break through .8367/94 targets .8432/39 above which would set a bigger base.
The Global Macro Pulse
CNY staged the biggest intra-day drop since 2007 to 6.1760, a move which seems to have been driven by the PBoC. It has since retraced to 6.1640, about 0.7% above the fix from a high of 0.9% earlier.
UBS Morning Adviser
Non-financial risk aversion’s fading impact To many investors February 27th was probably one of the most significant days to be ‘risk averse’ on the back of geopolitical risk only.
Daily Market Technicals
EUR/USD sees the daily and hourly studies remain weak. They now turn attention to moving averages at $1.3632/48. Further resistance is now at $1.3774 and the $1.3811/29 region from a number of daily highs,
GBP/USD Analysis
The pair closed in NY Thursday at $1.6685 after rate had recovered off an intraday low of $1.6617 (76.4% $1.6583-1.6728) to $1.6699 as equity markets gained a boost from stronger than forecast US durable goods data,
Daily FX Update
Markets are increasingly nervous, with the focus on the Ukraine, but also a host of periphery countries that are also vulnerable. Accordingly, risk aversion has been the key driver of asset classes in the Asian and European sessions.
Daily Technical Report
EUR/USD has broken the support at 1.3692,validating a short-term double-top with animplied target at 1.3611. Monitor the hourlysupport at 1.3657 (see also 38.2% retracement).
FX Daily Majors
Today’s highlights: AUDUSD again rejects key resistance at .9078/87, but below .8907 is needed for a top.
All together now
Repeat after me: 10-year rates will rise and the dollar will advance in 2014. That seems to be the near unanimous chorus from Bloomberg analysts judging by the forecasts on FXFC <GO> and ECFC <GO>, respectively.
The Global Macro Pulse
NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.
UBS Morning Adviser
Capex Cliff Approaches Confirmation arrived overnight that Australian miners expect to cut
Daily Market Technicals
EUR/USD sees the daily hourly studies turn lower as bears push through the support line and below the 5-DMA, which turns initial resistance at $1.3720.