Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: GBPUSD stays on course for the measured target from its medium-term base at 1.6691, potentially the 1.6748 peak of 2011.
The Global Macro Pulse
USDJPY made another attempt to test the low around 101.8 in Asia. A 1.8bp drop in US 10y yield to 2.7141% also contributed to the move.
Continued yen buying. Watch cable resistance
EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.
UBS Morning Adviser
Policy validation stems from removing the price expectations driver Forward guidance was never going to be uniform across the distinct policy constructs of individual central banks,
Daily Market Technicals
EUR/USD rebreaks the channel top to close above the high from Feb 11, daily studies remain bullish but now nearer overbought. Resistance now at the $1.3700 level from a number of daily highs and lows,
GBP/USD Analysis
The pair closed in NY Thursday at $1.6656 after rate had extended its post BOE QIR rally, from $1.6426, to $1.6675. Rate pulled back to $1.6622 in late Europe before drifting higher through the NY afternoon into the close.
Daily FX Update
Soft employment in Australia, rumours of rising defaultrisk on two Chinese shadow banking products, and ongoing economicuncertainty have markets favouring risk aversion today.
Daily Technical Report
EUR/USD significantly weakened yesterday,suggesting a pickup in selling pressures. A breakof the hourly support at 1.3552 would open theway for a further decline towards the support at1.3477.
FX Daily Majors
Today’s highlights: EURGBP’s collapse from the .8351/66 barrier keeps us bearish and turns attention back to key support at .8165/55.
The Global Macro Pulse
In FX, AUDUSD was the main mover, dropping about 1% to 0.894 in response to weaker-than-expected employment data. EURUSD recouped some of its overnight losses to rise to 1.3615 while USDJPY fell
UBS Morning Adviser
The times are changing For much of the past 3 years, it made sense to play the unfolding Australian macro story through the rates space.
Daily Market Technicals
EUR/USD closed within the falling channel but bulls already testing the top as initial res at $1.3618 – break above could resume tracking higher, however failure at channel top increases downside risk.