Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed Monday’s NY session at $1.6387 after rate had been pressed lower through the earlier part of the day from an Asian high of $1.6508 ($1.6518 high post NFP Friday) to $1.6347 in early NY.
G10 market trends – EUR still resilient
EUR: still resilient Last week’s European Central Bank (ECB) meeting saw President Mario Draghi adopt a particularly accommodating stance,
Daily FX Update
The market’s reaction to a disappointing US nonfarmpayrolls has been a drop in the US 10year yield to 2.85%; the US 2‐year to0.37% and 0.6% weakening in the USD (see DXY middle chart).
Daily Technical Report
EUR/USD moved significantly higher last Fridayand is now challenging the resistance at 1.3677(see also the 38.2% retracement). A short-termbullish flag could be underway,
FX Daily Majors
Today’s highlights: USDCAD maintains a medium-term base and we stay bullish for 1.1234 next, with scope to eventually push onto 1.1666/1727.
The Global Macro Pulse
The USD has traded weaker across the board in Asia. EURUSD has opened up slightly, testing its Friday high of 1.3685, USDJPY has dropped to 103.41 and AUDUSD has rallied to 0.9035 as the market hunts positions.
UBS Morning Adviser
More BoJ easing still likely The heavy price action in USDJPY after Friday’s payrolls report does not change our fundamental view that the USDJPY upswing is likely to extend this year.
Daily Market Technicals
EUR/USD looks bullish in the short-term after bounce from July support line which is key support at $1.3588. Bears look to retest but we note daily studies show the potential to reverse higher,
GBP/USD Analysis
The pair closed in NY Friday at $1.6481 after rate had spiked off pre US employment report lows of $1.6383 to $1.6518 as market reacted to the release of much lower than forecast US NFP.
Daily FX Wrap and Strategy
The NZD/USD trades higher, at 0.8300, this morning,boosted by Friday night’s US payrolls report.The US payrolls report determined most currency’s fateson Friday night.
FX: from jobs to prices
With UK and US nearing unemployment “thresholds” , inflation will become increasingly more important for currencies.
Weekly Economic & Financial Commentary
U.S. Review Employment Throws a Curve Ball After Fed Tapering • Employment plummeted well below consensus estimates, rising by only 74,000 jobs in December compared to the survey forecast that expected almost 200,000 jobs.