Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6683 having recovered off its post UK CPI react lows of $1.6655 (holding off a retest of Friday lows of $1.6645 with traders awaiting the post data dip to re enter longs) to $1.6728.
Daily FX Update
Markets are mixed and relatively quiet leading into a shortened NA trading week. Equities are flat; oil has jumped higher; gold is off its recent highs and the 10year US yield remains close to 2.70%.
Daily Technical Report
EUR/USD is close to the key resistance at1.3739. Hourly supports are given by 1.3657(intraday low) and the short-term rising channel(around 1.3635). Another resistance can befound at 1.3819.
FX Daily Majors
Today’s highlights: USDJPY rallies sharply overnight, but above 103.40/68 is needed for a better base.
The Global Macro Pulse
USDJPY and the Nikkei rallied in response to the Bank of Japan extending and increasing the size of its subsidized loans to banks.
USD/JPY contesting resistance (102.85) & possible GBP/USD reversal
EUR/USD: Directional indications are weak inside 1.3562 & 1.3740, buta move back under a Feb11 high of 1.3683 would anyway beof some interest.
UBS Morning Adviser
TSF figures losing relevance for Australia The RBA minutes overnight affirmed the effects of expansionary policy but warned the economy was below-trend.
Daily Market Technicals
EUR/USD remains above the former channel top with daily stochastic study remaining firm but other studies approaching overbought levels.
GBP/USD Analysis
The pair closed Monday’s US/Canada holiday thinned session at $1.6713 after rate had slowly pared earlier Asian gains to $1.6823 to $1.6694 through a subdued trading day.
JP Morgan: GBP/USD En-Route To 2009 High
In GBP/USD, JPM thinks that last week’s upside breakout is generally bullish and suggests that the upside is now wide open for a re-test of the 2009 high at 1.7044.
UBS: Sell Rallies In EUR/USD & AUD/USD; Buy Dips In Cable
EUR/USD: The pair stayed bid overnight, seemingly getting prepared for testing the January high at 1.3739 and the yearly high at 1.3776.
Barclays: Outlooks & Strategies For EUR/USD, GBP/USD, USD/JPY, & AUD/USD
The following are the latest technical outlooks and strategies for EUR/USD, GBP/USD, USD/JPY and AUD/USD as provided by the technical strategy team at Barclays Capital.