Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Monday at $1.6655 after rate had recovered off extended pullback lows of $1.6583, recovering to $1.6670 during the NY afternoon before drifting off into the close.
Daily Market Technicals
EUR/USD sees continuing risks of the daily and hourly studies turning lower as bears get ready to focus on a minor support line at $1.3721 and moving averages at $1.3638/42/61.
Daily FX Update
FX markets are active into the NA open; where as other markets have been relatively quiet. The combination of the G20 (see comments below), several central bank interviews,
Daily Technical Report
EUR/USD remains supported by its risingchannel (see also the support at 1.3692). Thebreak of the initial resistance at 1.3728 (intradayhigh) validates a tiny base formation, whichfavours a test of the resistance at 1.3773.
The Global Macro Pulse
The dollar has softened against the EUR and the JPY and an early sell-off in the AUD has largely reversed. EURUSD is at 1.3738, USDJPY has fallen to 102.20,
UBS Morning Adviser
Too soon to rebuild AUD longs Japanese investors have systematically run down their exposure to Australian bonds over the past two years.
Daily Market Technicals
GBP/USD holds just under the 5-DMA of $1.6660 as bears focus on weakening daily studies and Fibonacci retracements of the February advance at $1.6605 and $1.6537.
GBP/USD Analysis
The pair closed in NY Friday at $1.6616, just off intraday lows of $1.6610. An eventful session as rate had initially marked highs of $1.6685, dropped back to $1.6610 on reaction to
FX: Denial mode
“When the US sneezes, the rest of the world catches the cold.” Bad US ISM? Weather. Bad Chinese PMI? New Year.
CIBC: Loonie: To Fly Higher By Spring
The Ice storm-induced weakness in the Canadian December data could soon provide a good opportunity to close out any remaining short CAD positions,
Commerzbank: Next Week’s Ranges & Bias For Majors
Encouraging economic data from the euro area and signs of a weakening US economy have recently buoyed EUR/USD, notes Commerzbank.