Tag Archives: GBP/USD
UBS Morning Adviser
Sentiment stabilisation cannot mask secular changes Risk appetite is likely seeking for some consolidation heading into Fed Chair Yellen’s testimony on Tuesday.
Daily Market Technicals
EUR/USD continues to edge higher and pops above the falling channel top – now initial support at $1.3630. Bears aim to retest channel top and a break below could retest Sept 6 support line at $1.3591.
GBP/USD Analysis
The pair closed in NY Monday at $1.6404, off NY session recovery highs of $1.6424 with rate basically pivoting $1.6400 through the day within a range of $1.6384-1.6428.
Daily FX Wrap and Strategy
In a quiet night the NZD/USD has traded sideways above0.8260.In the absence of key domestic or offshore data releasesthere has been little to provide direction for the NZD.
The euro threatened by deflation
Calm returns for emerging currencies Some calm returned to emerging markets last week, as several central banks (including those of Turkey, South Africa and India) announced interest rate hikes.
Daily FX Update
The USD has weakened; the DXY has dropped to afresh 7‐session low and all the major and EM currencies (with the excep‐tion of JPY) gaining ground against the USD over the last five trading sessions.
Daily Technical Report
EUR/USD continues to improve and is nowclose to the resistance implied by the decliningchannel (around 1.3655). A key horizontalresistance stands at 1.3739.
FX Daily Majors
Today’s highlights: USDJPY’s recovery extends, but we look for selling at 102.95/98 and for 103.46/60 to cap to keep the risks lower in the range.
The Global Macro Pulse
The USD has been essentially directionless. Although AUDUSD is down slightly to 0.8942, EURUSD and USDJPY are roughly unchanged at 1.3626 and 102.38.
Daily Market Technicals
EUR/USD closed back above Sept 6 support line which bears look to retest at $1.3587 – break below could start another decline after bulls were capped by Dec 30 falling channel top at $1.3636.
GBP/USD Analysis
The pair closed in NY $1.6411 after the release of weaker than forecast US NFP data had helped the rate to recover from its post UK IP/MP release lows of $1.6401 to a post NFP high of $1.6419.