Tag Archives: GBP/USD

Daily FX Update

The USD is strong leading into the NA open as other markets are relatively quiet. Yesterday’s data was encouraging and has supported some upward USD pressure;

Daily Technical Report

EUR/USD has thus far failed to significantlyretrace its decline from its peak at 1.3893.Yesterday’s weakness favours a test of the recentlow at 1.3549 (09/01/2014 low).

FX Daily Majors

Today’s highlights: AUDUSD has collapsed lower overnight and we stay bearish for medium-term channel support at .8720, and ideally .8675.

AUDUSD has stolen the FX show, dropping 1.2% to 0.8813 following the employment report. EURUSD has bounced off of its lows to 1.3618 while USDJPY rose to a high of 104.92 before edging down to 104.71.

UBS Morning Adviser

Cross-asset confidence supporting risk The FOMC’s December taper should have been the event which would signal the end of secular declines in FX volatility.

Positive $ signs, sell the NOK and MXN

EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.

Daily Market Technicals

EUR/USD descended from the 21-DMA to retest the July support line, now at $1.6307 – but bears again failed to make a significant break below. Current price action edges back above this level while daily studies drift higher,

GBP/USD Analysis

The pair closed in NY Wednesday at $1.6370 having reversed off an early US session high of $1.6436 to trade to extended lows of $1.6323 as market moved in to

Daily FX Update

Markets are active into the NA session; with abroadly weak USD juxtaposed against stronger equities and a US 10year yield at 2.9%.

US Morning Update

The USD has rallied in a steady, orderly fashion since yesterday’s US retail sales print for December. The move so far has been rather broad based, with some G10 currencies (like the AUD) falling more than others.

FX Daily Majors

Today’s highlights: USDCAD continues to rally strongly after the completion of a medium-term base, and we stay bullish for 1.1234 next.

Daily Technical Report

EUR/USD remains in a bullish rising trend whileabove the key low at 1.3549 (09/01/2014 low).From a very near-term perspective, providedprice can maintain a foothold over 1.3600,