Tag Archives: GBP/USD
Daily Technical Report
EUR/USD moved sharply higher yesterday,breaking its declining trendline. A break of theresistance at 1.3699 would open the way forfurther strength towards the resistance at 1.3819.
The Global Macro Pulse
AUD fell below 0.87 for the first time in three and a half years, pushing AUDNZD towards 1.054. The WSJ reported comments from RBA Ridout that the AUD needs to drop further and AUD near 80c would be a “fair deal for everybody”.
UBS Morning Adviser
Expect macro-prudential measures to remain the norm The increase in the Swiss countercyclical-buffer (CCB) today led to strong interest in the CHF due to a hawkish interpretation – i.e.
Daily Market Technicals
EUR/USD spikes higher to test the $1.3700 level where a number of previous highs and lows form resistance – now seen as initial res which capped yesterday’s large white candle.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6636 after rate progressed higher through the intraday session on general dollar weakness, seen as market deleveraged, with the EM markets coming under broad pressure.
Daily FX Update
The USD is mixed leading into the NA open, with growth sensitive currencies like CAD, MXN and AUD all weak, reacting toChina’s disappointing HSBC PMI manufacturing release (49.6) and theirrespectiove domestic positions.
Daily Technical Report
EUR/USD continues to bounce after havingposted a new lower low at 1.3509. Hourlyresistances are given by the declining trendline(around 1.3620) and 1.3650 (16/01/2014 high).
FX Daily Majors
Today’s highlights: USDCAD surges higher again to keep the uptrend firmly in place for our 1.1234 first core objective.
The Global Macro Pulse
AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.
CAD & AUD is getting all the heat while GBP basks in the sun
EUR/USD: It’s not here action is at the moment. The most recentdirectional information was two sets of near-term bearishimpulses intersected by a correctional structure.
UBS Morning Adviser
USD benefiting from ‘reverse’ diversification The Bank of Japan’s QQE program is already 8 months old,
Daily Market Technicals
EUR/USD stalls below 100-DMA at $1.3580, now initial resistance alongside lows of Jan 15/16 at $1.3582/83, bulls look to close above to retest former July support line at $1.3638 however risk remains to