Tag Archives: GBP/USD
GBP/USD down to 1.6500 After Fed Slows Stimulus
The pound fell for a third day versus the dollar as Federal Reserve policy makers yesterday trimmed stimulus after Bank of England Governor Mark Carney repeated his pledge to keep U.K. interest rates low.
Daily FX Wrap and Strategy
After the RBNZ left rates ‘on hold’ yesterday morning theNZD/USD showed a knee-jerk gap lower. It trades at0.8140 this morning.Yesterday the RBNZ left its Official Cash Rate unchangedas we expected.
Daily FX Update
Markets continue to display signs of nervousness asboth EM and G10 FX vol is higher; but there appears to be no increase ingeneral fears as US equities are higher,
Daily Technical Report
EUR/USD continues to post lower highs sinceits high at 1.3739. An hourly support area nowstands between 1.3603 (29/01/2014 low) and1.3583 (22/01/2014 high).
FX Daily Majors
Today’s highlights: USDJPY stages a bearish “outside” session which leaves the immediate risks lower to 101.02/100.62.
The Global Macro Pulse
The fall in US equity markets overnight combined with the Fed’s additional $10bn taper to drive deeper risk aversion in Asia.
UBS Morning Adviser
Despite the EM selloff, liquidity concerns Despite the perception of volatile FX markets in recent days due to the Emerging Market selloff,
Daily Market Technicals
EUR/USD left a long lower shadow after bears tested support down to the $1.3600 level but closed just below the open. Daily studies may reverse lower and bears retarget the 100-DMA at $1.3601,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6561 after rate had recovered off a session low of $1.6526 to $1.6590 ahead of the FOMC announcement,
Daily FX Wrap and Strategy
The NZD/USD has traded a tight range ahead of thismorning’s US Fed and RBNZ meetings. It sits around0.8270 at present.Risk appetite remained somewhat subdued overnight asemerging market concerns continued to simmer and
Daily FX Update
Currency markets are shifting but it isn’t a broadbased USD move and instead a series of domestic developments and riskaversion that is driving markets leading into today’s Fed meeting.
Daily Technical Report
EUR/USD continues to drift lower after its peakat 1.3739. Hourly supports stand at 1.3625(intraday low, see also 50% retracement) and1.3583 (22/01/2014 high).