Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: USDJPY above the 103.74 high maintains a bullish outlook for our 105.60/106.00 next target, and eventually 110.60/111.60.
The Global Macro Pulse
The EUR edged down to a two-week low of 1.3657. AUD, NZD and CAD also fell. AUDUSD dropped to 0.882 and NZDUSD traded lower to 0.818, despite a much better than expect NZ GDP release.
GBP/USD Analysis
The pair closed in NY at $1.6384 after rate had seen a pullback low of $1.6344 from $1.6410 on the Fed taper announcement, but quickly spiked back up to $1.6486 as accompanying comments countered the initial hawkish reaction.
Daily Market Technicals
EUR/USD rose to retest $1.3811 high and met strong resistance to leave a mini double-top before sinking through support – double-top targets a move to $1.3607 which is also a Nov 7 support line.
UBS Morning Adviser
Shifting the Guidance Burden The Fed has spoken – taper and begin advancing the policy debate away from QE.
Daily FX Wrap and Strategy
The NZD/USD sits somewhat lower, at 0.8220 this morning as the market awaits the US FOMC meeting (8am NZT). Yesterday’s domestic data was more of the same. i.e. telling a story of positive economic momentum.
Daily FX Update
Today’s focus is the Fed and markets are likely totrade cautiously ahead of it. The Asian and European sessions weremixed with the European currencies of GBP, NOK and SEK outperforming;while the rest lost ground against the USD.
Daily Technical Report
EUR/USD remains well supported as can beseen by the potential short-term symmetricaltriangle, which usually acts as a continuationpattern. An horizontal resistance stands at 1.3811(11/12/2013 high).
The Global Macro Pulse
The 10y US yield has bounced slightly higher to 2.8445% in Asia trading after the 4bp fall overnight. The USD is relatively steady against majors but strengthened against most EM Asian currencies ahead of tonight’s FOMC.
UBS Morning Adviser
Corporate Japan Emboldened Two days ago we reported that portfolio investment abroad by Japanese investors is running well behind schedule this fiscal year.
Daily Market Technicals
EUR/USD continues to trade just below the $1.3800 level which bulls may retest while they eye the $1.3832 Oct 28 reversal high. A break above may be short-lived as daily studies are firmly in overbought territory,