Tag Archives: GBP/USD
UBS Morning Adviser
Let Nordics Run Their Course Having felt conditions were ripe for a CAD rally, we were taught a harsh lesson on Wednesday by the BoC:
Daily Market Technicals
EUR/USD still above the daily Bollinger band at $1.3783 but capped by resistance around $1.3800, initial resistance is very close as yesterday’s high at $1.3793.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6165 after rate had managed to recover off extended pullback lows of $1.6119, from earlier Asian highs of $1.6258, to a NY high of $1.6182.
Daily FX Wrap and Strategy
The NZD/USD was the weakest performer relative to its key peers over the past 24-hours. It trades at 0.8390 this morning.
Daily FX Update
RISK AVERSION SPIKES DRIVING A STRONG USD * USD is strong as the weight of a weak nonfarm is surpassed by rising risk aversion on concerns in China’s mmkt; profit taking takes hold.
Carry Funding Should Be Diversified Away from USD
Payrolls was soft, but going long carry trades is easier said than done. First, carry is extremely expensive. In FX, we measure valuation through purchasing power parity.
FX Daily Majors
Today’s highlights: * AUDUSD has achieved our.9700/30 basing target, and we continue to look for a top here.
FX Daily Strategist: Europe
USD vulnerable following disappointing US employment growth The USD continues to come under pressure following yesterday’s disappointing US payroll employment report.
The Global Macro Pulse
Overnight Price Action A bounce of profit taking and concerns on China big banks’ debt write-offs caused heavy equity selloffs.
The dollar is a post-NFP “punching bag” – can it fight back?
EUR/USD: The post-NFP reaction may be somewhat strange with riskon/dollar off so notably on a lesser number. Be that as it may,the pair trades at levels not seen since late 2011 and bullishlyso.
UBS Morning Adviser
CAD: Boring is Good The Bank of Canada is unlikely to register any major changes to policy on Wednesday.