Tag Archives: GBP/USD

Daily FX Update

Risk aversion re‐enters markets as oil prices continue to fall,

EUR/USD has thus far successfully tested the support at 1.1754,

Today’s highlights: EURUSD has fallen back to weigh on the 1.1754 recent low.

The lack of follow through following marginal fresh 2015 and 9 year lows Tuesday

The pair closed in NY Tuesday at $1.5163 after rate had bounced off its UK CPI react low of $1.5077 to

Oil markets remain the core focus, and with fresh lows hit in both Brent and WTI,

EUR/USD is bouncing. However, as long as the hourly resistances at 1.1897 and

Today’s highlights: USDCAD remains in a solid uptrend for 1.2000 next, then the 78.6% retracement barrier at 1.2280.

The pair closed in NY Monday at $1.5171 after rate had extended its recovery off early European lows

Sideways trading within a $1.1754-1.1898 range continues for the EUR/USD with

Brent oil falling to fresh lows of $48.47 and the spread between Brent and WTI narrows to just $1.5;

EUR/USD bounced on Friday. Hourly resistances can be found at 1.1897 and 1.1976.