Tag Archives: GBP/USD
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. However, the resistance at 1.3622 hasbeen breached, indicating a persistent shorttermbuying interest.
FX Daily Majors
Today’s highlights: * USDCAD’s extension above 1.0658/81 leaves us still bullish for our core target at 1.0802/54.
The Global Macro Pulse
AUDUSD has edged slightly higher, to 0.9045, after falling sharply in New York. In contrast, EURUSD is flat at 1.3585 and the yen has held some of its overnight gains to trade at 102.31 vs. the USD.
UBS Morning Adviser
If You Must Sell GBP The BoE decision on Thursday will probably be a non event as the BoE has already played several ‘tightening’ cards over the past month with the quarterly inflation report and FLS tweaks;
Daily Market Technicals
EUR/USD declined to test previous two session lows around $1.3525 but failed to break below to retest Nov 7 support line at $1.3504. Bears require break below to flip sentiment south,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6385 after rate had recovered off a NY session low of $1.6328 (seen on react to stronger than forecast ADP data) to
FX Month in Review – November
* The JPY was the weakest currency monitored in the November Month in Review, declining 4.2% on a TWI basis.
Daily FX Update
FX Market Update ‐ Markets are firming into the open as traders lookout to ADP employment (expected to rise 170k), trade balance,
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. Yesterday’s strength has not been ableto move higher than the resistance at 1.3622,posting a potential lower high.
Cable still looks toppish. USD/JPY could correct lower. SEK comeback surprises.
EUR/USD: The U-turn wasn’t our first bet yesterday. We chose toneglect support at the 8day “Tenkan-Sen” as we thought thecandle formation should take precedence.
UBS Morning Adviser
Norges Conundrum As our economists put it, the RBA’s decision this week was ‘boring’, and they may not be the only central bank in this category this week.
Daily Market Technicals
EUR/USD regained losses to retest rising channel base as resistance – still initial res at $1.3618. Bulls target a break within the channel but a series of lower highs from Nov 29 high at