Tag Archives: GBP/USD
The Global Macro Pulse
The better than expected US non-manufacturing ISM has boosted risky assets in Asia. All Asian equity markets have risen, with the Nikkei up 0.4%, the Hang Seng up 0.5% and Kospi up 0.8%.
UBS Morning Adviser
Whither EURGBP if/when BoE and ECB diverge? The February decisions by the ECB and BoE (next week’s inflation report included) may put
Daily Market Technicals
EUR/USD continues to hold below the Sept 6 support line, now at $1.3578, which bulls have been looking to test since breaking below on Jan 31, ahead of here is yesterday’s high at $1.3555.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6310 after rate had been pressed to lows of $1.6252, challenging its 100-dma (today at $1.6255) as euro-sterling was forced through resistance at stg0.8327-33 (high stg0.8334) to
Daily FX Update
Markets are generally stable into the NA open, butwith the US 10year yield at 2.62%, volatility elevated and JPY outperforming the majors there are still signs that markets are jittery.
FX Daily Majors
Today’s highlights: USDJPY stays bearish near term to test a more important support zone at 100.11/99.25.
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high,see also the steep declining trendline).
The Global Macro Pulse
AUDUSD has drifted off of its overnight high of 0.8942 to trade at 0.8882 at the time of writing. Both EURUSD and USDJPY are slighly lower from their New York levels, trading at 1.3513 and 101.43.
UBS Morning Adviser
Still exposed to FX after all Japanese investors have been slow to embrace FX risk in the wake the BoJ’s QQE program – at least that’s the common interpretation of official portfolio flow data.
EM stress recedes – for now. AUD/NZD correction may be over
EUR/USD: There is nothing it strongly arguing for an impulsive bursthigher. It’s rather a short consolidation to digest the recentslump.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6329 after a volatile session which had seen rate post lows into Europe of $1.6257 before spiking up to $1.6353 on release of stronger then forecast UK construction.
Daily Market Technicals
EUR/USD failed to retest Sept support line but left a higher high and low. To stem losses, bulls require a close above 61.8% at $1.3524 and to retest $1.3574, the Sept support line.