Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: * EURUSD breaks key price, trendline and 38.2% retracement support at 1.3464/21 to mark a better top, for 1.3220 initially.
The Global Macro Pulse
Overnight Price Action After the 1.3% fall in the S&P 500 overnight, futures are up 0.2% and the US 10yr yield is flat in Asian trading.
UBS Morning Adviser
There’s a USD in EURUSD Ex-post, the ECB clearly ‘delivered’. EURUSD ended European trading on Thursday materially lower than levels after the CPI reading last week.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6096 after recovering off a session low of $1.6010 to $1.6103, with rate easing off to $1.6073 before recovering into the close.
Daily Market Technicals
EUR/USD: The move lower overnight took out and closed below the rising daily channel base of July monthly low with the pair having remained capped at the somewhat pivotal $1.3450 level since.
Daily FX Wrap and Strategy
After sleeping through most of this week, currency markets received a rude awakening from central banks overnight. The ECB cut rates, the Czech National Bank intervened aggressively,
Daily FX Update
ECB CUTS TO 0.25%, DRIVING INSTANT 1% EUR DECLINE * USD strong following cut, ahead of ECB press conf & nonfarm Friday.
FX Daily Majors
Today’s highlights: * GBPUSD has found selling at 1.6115/25 – the “neckline” to the recent top and 61.8% retracement barrier.
The Global Macro Pulse
Overnight Price Action Most equity markets are down in Asia today. S&P futures are off 0.2%, the Nikkei has fallen 0.6%, the HSI is off 0.7%, Kospi is down 0.4%, and
Daily Market Technicals
EUR/USD held between the 50.0% and 38.2% of $1.3105-1.3832 while bears failed to test the Jul 10 support line yesterday. Daily studies are slowing near oversold levels so failure by bears to
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6081, having seen data react highs of $1.6118 earlier in the session, post UK IP/Mfg data, before rate settled between $1.6075/95 into the close.
UBS Morning Adviser
AUDCAD: A Short In the Making Attention is focused on today’s ECB policy decision and Friday’s US nonfarm payrolls report, but relative value FX opportunities elsewhere are still worth monitoring.