Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY at $1.6449 after rate had had initially posted extended recovery highs of $1.6605 into early European trading before squeezing to lows of $1.6410 in NY before recovering into the close.
Daily FX Update
The USD is strong in generally quiet holiday trading.China’s PMI came in at 51, slightly below both expectations of 51.2 andNovember’s release of 51.4; but still in expansionary territory.
Daily Market Technicals
EUR/USD failing to close above $1.3800 level and last session failed just ahead of here adding downside risk. 10-week momentum study slips into negative territory and
GBP/USD Analysis
The pair managed to extend its 2013 highs to $1.6580 on the last trading day of the year Tuesday, the rate touching a high of $1.6580 before it eased off to $1.6530 in late thin trade ahead of the new year celebrations.
Daily FX Update
EUR is the sole underperformer heading into the NA session, down 0.2% as all of the remaining currencies are up vs the USD. AUD is outperforming, followed by NZD and SEK as JPY, GBP and CAD show moderate strength.
Daily Technical Report
EUR/USD continues to exhibit a bullish dailystructure following its peak last Friday at 1.3893,just shy of a multi-month falling trend line. Weanticipate a further swing higher to retest the1.3900 region,
Daily Market Technicals
EUR/USD tested above highs around $1.3811 to just below the daily Bolli base which is part of initial res at $1.3830. The monthly resistance line still key resistance at $1.3939 but
GBP/USD Analysis
The pair closed in NY Monday at $1.6510 after rate had eased away from session highs of $1.6532 to $1.6490. Rate eased in opening Asian trade with early trade contained within a $1.6485/00 range before
Daily FX Update
SEK is outperforming, up over 0.6% following the release of stronger than expected retail sales figures, while NOK and AUD show moderate gains as the remaining G10 currencies remain flat vs the USD.
Daily Technical Report
EUR/USD peaked at 1.3893 last Friday, just shyof a multi-month falling trend line. Scope is nowseen for a further swing higher to retest this keyarea of resistance once again where supply isanticipated.
Daily Market Technicals
EUR/USD holds above Nov 7 support line which is at $1.3665 but also left a huge upper shadow after bulls spiked higher to test resistance just below the $1.3900 level.
GBP/USD Analysis
The pair closed in NY Friday at $1.6483 after rate had pulled back from an earlier high of $1.6577 to $1.6459 in thin flow driven trade. Rate squeezed back to $1.6468 in early Asian dealing,