Tag Archives: GBP/USD
The Global Macro Pulse
The US Treasury 10y yield fell 2.6bp on the Asian open to 2.838%. This helped push EURUSD higher to 1.3760, and USDJPY lower to 102.80. NZD also edged higher to 0.824 while AUD was largely stable at 0.896,
UBS Morning Adviser
Yen-Based Investors Mobilising Japanese investors were net buyers of foreign bonds for the ninth consecutive week in early December.
Daily Market Technicals
EUR/USD slid to bounce from support just above $1.3700 and left a lower high and low. Bears look to retest while daily studies look overbought and a break below $1.3700 targets a test of 23.6% of $1.3296-1.3811 at $1.3689,
GBP/USD Analysis
The pair closed in NY Friday at $1.6295, the rate recovered off pullback lows of $1.6262 after earlier printing an Asian session high of $1.6360. Euro-sterling closed at stg0.8430, towards the upper-end of a narrow stg0.8408-40 trading range.
Daily FX Wrap and Strategy
Showing some volatility on Friday evening, the NZD/USD ended the week at 0.8260. Friday’s RM-ANZ consumer confidence index showed NZ consumers are confident heading into Christmas.
FX Viewpoint: taper the taper. Now.
Expectations for “taper” this week have increased…beware. USD weakness to resume. SEK could get some support on surprise “no cut”, but…
Daily FX Update
The US House has passed the budget deal pavingway for it to move to the Senate next week. However, leading into theFed next week this has helped pull in expectations of a December taper.
FX Daily Majors
Today’s highlights: * USDJPY finally clears the 103.10/74 barrier, and we stay bullish for 105.60/106.00 next, and eventually 110.60/111.60.
Daily Technical Report
EUR/USD faded yesterday close to the keyresistance at 1.3832. Monitor the test of thehourly support at 1.3740. Another support lies at1.3694 (09/12/2013 low). A key support stands at1.3621 (see also the rising trendline).
The Global Macro Pulse
Asian FX mostly traded weaker, The INR reacted to poor CPI and IP data overnight, weakening 0.5% to 62.127. USDPHP rose 0.3% to 44.21, and USDMYR traded above 3.23 figures.
UBS Morning Adviser
Tighten Now to Ease Later? Even with the December FOMC barely a week away and residual support out there for easing,