Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: * USDJPY above 100.62 should reinforce a bullish “triangle” story for 101.54/61, then back to 103.10.
Daily Technical Report
EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. A new phase of weakness is favoured.An hourly support lies at 1.3390 (13/11/2013 low).
The Global Macro Pulse
USDJPY rose to an intra-morning high of 100.52 before paring back to 100.37. AUDUSD dipped to 0.9308, continuing weakness in New York, driven by the weaker-than-expected HSBC flash PMI for China.
UBS Morning Adviser
Yen Pointers From Nikkei The ‘big’ GPIF announcement has come and gone, and USDJPY watchers are still none the wiser as to when the big structural reforms can materialise.
Daily Market Technicals
EUR/USD attempted a break above the $1.3550 level but bulls ailed to sustain the rally into the channel (base now key resistance at $1.3545), weakening daily studies further.
GBP/USD Analysis
The pair closed in NY at $1.6104 after rate had been pressed down from session highs of $1.6178, initially tracking euro-dollar’s slippage on reaction to
Daily FX Wrap and Strategy
The NZD/USD sits a little lower, around 0.8280 this morning. The NZD/USD, unusually, showed a response to yesterday’s NZ PPI data.
Daily Technical Report
EUR/USD has breached the resistance at1.3548 (see also the broken rising channel), buthas thus far failed to hold above it, suggesting apotential false breakout.
The Global Macro Pulse
Overnight Price Action S&P futures are up marginally after a 0.2% fall in the S&P 500 overnight while the rise in the 10yr Treasury yield that began in New York extended slightly in Asia to 2.7149%.
UBS Morning Adviser
Fed Chair Bernanke overnight mostly reiterated the message from the Sept 18post-FOMC press conference, and the dollar sold off briefly before recovering.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6116 after rate had recovered off intraday lows of $1.6060 to $1.6133 before easing to $1.6108, recovering to $1.6129 then drifting off into the close.
Daily FX Update
PBoC SUGGEST INCREASED FLEXIBILITY IN CNY * USD is mixed; market focuses on tapering timing being pulled forward, China’s reforms and a more bearish OECD global growth outlook.