Tag Archives: GBP/USD
Daily FX Wrap and Strategy
The NZD sits higher, around 0.8380 this morning. Yesterday was all about the NZ employment report. This showed the economic upswing is starting to show up in the labour market.
Daily FX Update
USDCAD UPSIDE RISK; EURUSD DOWNSIDE RISK * USD is weak as market focuses on potential for Fed to lower unemployment threshold but with some caution ahead of ECB & nonfarm.
FX Daily Majors
Today’s highlights: * NZDUSD has recovered strongly following its defence of key support at .8194/64, but we look for strength to be capped at .8435/47.
Not Over Until the Old Lady Sings
The recent run of strong UK data and accelerating house price inflation will bebrought into sharp focus this week by the Bank of England rate decision,
Markets in waiting game ahead of ECB & NFP
EUR/USD: A second attempt below 1.3450 has been responded to.Perhaps there isn’t much directional fuel to burn ahead ofECB tomorrow and NFP on Fri,
Daily Market Technicals
EUR/USD continues to test the Jul 10 support line after bears bounced from it yesterday, it remains as key support now at $1.3453 and a break below likely targets the Sept 6 low at $1.3105.
UBS Morning Adviser
Data Turn Afoot? The upward move in Treasury yields on Tuesday seemingly without any strong fundamental drivers has left markets perplexed.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6049 after rate had been given a boost earlier in the session to $1.6063 on release of stronger than forecast UK services PMI data.
Daily FX Update
EUR LONGS AT RISK OF FURTHER DOWNSIDE * USD is mixed. Today: hawkish Fed Lacker & ISM non‐manu.
US Morning Update
Major Overnight Headlines UK services PMI (October) rises to 62.5 from 60.3, beating consensus median
Daily Market Technicals
EUR/USD bounced from Jul 10 support line yesterday to close the session a little higher despite bearish daily studies. Bears eye a retest of the support line at $1.3445,
GBP/USD Analysis
The pair closed in NY Monday at $1.5968 after rate had recovered through the day off earlier Asian lows of $1.5904 to $1.5980 before easing off into the close.