Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Friday at $1.6330. The rate earlier pressed to $1.6316 after release of strong GDP data which showed the US economy had expanded faster than expected in Q3.
Weekly Economic & Financial Commentary
U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.
Daily FX Update
Most markets have only made modest gains/losses in the Asian and European sessions but this conceals more significant developments. On a closing level gold has reached a new 3‐year low;
Daily Technical Report
EUR/USD is challenging the key support at1.3621 (see also the rising trendline), which wasthe minimum short-term downside risk impliedby the recent double-top. Another supportstands at 1.3524.
FX Daily Majors
Today’s highlights: AUDUSD stays bearish for bear channel support at .8743/385 and then 38.2% retracement support at .8675.
The Global Macro Pulse
The USD was largely steady against majors but strengthened further against EM Asia FX. EUR was essentially unchanged at 1.364. AUD attempted a small rally to 0.888 before retracing to 0.887.
UBS Morning Adviser
Fed Lessons for BoE Friday’s UK GDP release might not have the same impact as other activity data but at the very least,
Daily Market Technicals
EUR/USD fades after failed break above $1.3800 on Weds, daily studies in sell-mode and bears look to break below key initial support from 38.2% of $1.3296-1.3811 and Nov 7 support line at $1.3614/18.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6367 after rate had managed to recover off extended corrective pullback lows of $1.6335 to $1.6390 before it drifted lower into the close.
Daily FX Wrap and Strategy
The NZD/USD sits lower this morning, trading just above 0.8170 currently. Along with most of its peers, the NZD suffered extreme volatility yesterday morning as the market digested the implications of the US FOMC finally announcing a start to
Daily FX Update
The Fed driven North American equity rallied carriedthrough to Asia and Europe; but US equities are currently suggesting a flat open. Small changes in FX since yesterday’s NA close conceals thatseveral currencies are at extremes.
Daily Technical Report
EUR/USD has broken the support at 1.3709,validating a short-term double-top. A test of thekey support at 1.3621 is expected as long asprices remain below the resistance at 1.3723(17/12/2013 low).