Tag Archives: GBP/USD
Forex Weekly Report
The Fed is heading towards a slow tapering process The release of the Fed’s minutes illustrated that the critical decision to start of the tapering stemmed primarily from an increase confidence in the strength of the US recovery.
Daily FX Update
Leading into the US employment release, marketsappear positioned for a strong release, which would support a neartermUSD rally. China’s export growth disappointed, rising just 4.3%y/y,
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
UBS Morning Adviser
Dollar’s risk status still unclear Our economists have chosen not to take the ADP figure as signal for stronger payrolls,
GBP/USD Analysis
The pair closed in NY Thursday at $1.6482 after rate had seen extended highs of $1.6497 (as market reacted to no accompanying statement on unemployment in forward guidance as the Bank announced unchanged rates)
Daily Market Technicals
EUR/USD now back above Jul 9 support line at $1.3582, a level which bears likely aim to test again, but key support is now seen as the 100-DMA at $1.3548 as it held the downside yesterday.
Daily FX Wrap and Strategy
The NZD/USD trades a little lower around 0.8240 early thismorning.Overnight, all eyes were on Europe as the ECB and BoEannounced rate targets.
Daily FX Update
Markets are mixed leading into today’s ECB pressconference and tomorrow’s nonfarm payrolls report. Soft inflation datafrom China weighed on growth sensitive currencies (CAD and AUD) inthe Asian session;
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
FX Daily Majors
Today’s highlights: USDCAD approaches the 1.0854 2010 peak. We allow for an initial hold here, but expect an eventual break higher to confirm a much larger base, for 1.1234.
UBS Morning Adviser
Critical Mass Approaching The new year is just over a week old, but already a confluence of factors are falling into place in support of the US dollar.
Daily Market Technicals
EUR/USD closed below the 50.0% of $1.3296-1.3893 but edged back above the July support line which is now at $1.3576. Bears will aim back below to continue the downward slide,