Tag Archives: GBP/USD
Daily FX Wrap and Strategy
The NZD sits around 0.8320 this morning, having traded as high as 0.8360 overnight. The NZD gained a boost yesterday afternoon, along with the AUD, on the back of better than expected China trade data.
Daily Technical Report
EUR/USD weakened yesterday close to theresistance at 1.3685 (50% retracement), makingan intraday bearish reversal. A break of thehourly support at 1.3609 would negate the shorttermpositive structure.
FX Daily Majors
Today’s highlights: AUDUSD spotlight turns to important resistance at .9078/87, a break above which would see a base.
The Global Macro Pulse
New Fed Chair Yellen’s clear message of continuity of Fed policy has helped push equities and EM Asia currencies higher across the board. The Nikkei is up 0.7%, the Hang Seng rallied 1.1%,
UBS Morning Adviser
Liquidity Preference Immune to Guidance Tweaks (so far) The policy implications from the BoE’s inflation reports will dominate proceedings for short-dated interest rates,
Daily Market Technicals
EUR/USD turns around to retest falling channel top as support at $1.3624 – bears eye a break back into the channel to test key support noted around $1.3600 level,
GBP/USD Analysis
The pair closed in NY at $1.6452 after rate had been able to recover from early Europe lows of $1.6392 to $1.6488 at the London fix before it settled back around $1.6450 through the NY afternoon.
Daily FX Wrap and Strategy
As risk appetite continues to recover in global markets the NZD/USD has crept higher. It sits at 0.8340 this morning. Domestically, it was another fairly low-key day yesterday.
Daily FX Update
The USD is weak leading into Chair Yellen’s first testi‐mony as Fed Chair. The DXY has traded to a fresh 9‐session low and is flirting with a break of its 100‐day MA and trend support (see bottom chart).
Daily Technical Report
EUR/USD continues to improve by moving outof its declining channel. An horizontal resistancecan be found at 1.3685 (50% retracement). A keyresistance stands at 1.3739.
FX Daily Majors
Today’s highlights: USDCAD has found support at 1.0981/66, but above 1.1123/40 is needed to turn the trend higher again.
The Global Macro Pulse
G10 FX saw CAD, AUD, and EUR jump in succession in what seems to be stop driven moves. USDCAD jumped from 1.1057 to 1.1087 in early Asian trading before settling at 1.1081.