Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6575 after rate had spiked to intraday highs of $1.6588 following the release of strong UK employment data, the result of which had analysts bringing in their forecasts for a UK rate hike.
Daily FX Wrap and Strategy
Good morning all and once again the open has the NZD trading marginally above the 0.8300 level. With understandably greater focus on the performance of the
GBPUSD – A-B-C pullback and false trendline break suggest new highs
There was a false trendline break just above key 1.6260 support; the rally since suggests a new high ahead for Sterling with extension targets as high as 1.6711.
Daily FX Update
Outside of individual domestic stories (AUD, GBP &CAD) FX markets are relatively quiet. AUD has rallied on firmer inflation, which has removed expectations for an RBA interest cut;
Daily Technical Report
EUR/USD’s bounce near the support at 1.3524has thus far been weak. Hourly resistances standat 1.3583 (16/01/2014 low) and 1.3650(16/01/2014 high, see also the decliningtrendline).
FX Daily Majors
Today’s highlights: EURGBP as expected has broken below .8230 to keep the bear trend in place for our core target at .8165/55.
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.
UBS Morning Adviser
Can the BoC use the CAD as a direct policy tool? The Bank of Canada is expected on Wednesday to join the growing list of minor G10 central banks in anchoring expansionary policy guidance.
Daily Market Technicals
EUR/USD is leaving higher highs and lows after bouncing from support just above the $1.3500 level – bears aim to retest this key level however bulls eye former July support line at $1.3632.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6477 after rate performed an impressive recovery off pressured lows of $1.6400 to $1.6487 into the US session.
Daily FX Update
The USD is stronger as the market shifts its focus to the January 29th Fed meeting and the potential risk of an increase in the pace of tapering.
Daily Technical Report
EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows. Monitor the bounce attempt nearthe support at 1.3524.