Tag Archives: GBP/USD

Weekly Economic & Financial Commentary

U.S. Review Turn Those Machines Back On! * After the second week of limited economic indicator releases and watching the state of the federal government in suspended animation,

A respite for the US dollar

USD: slightly firmer The DXY dollar index firmed slightly to 80.55 this week, helped by the Democrats and Republicans resuming talks over the US budget.

Daily FX Update

USDCAD LOOKS OUT TO EMPLOYMENT & BOC POLOZ * USD is soft as optimism over a 6‐wk extension to debt ceiling builds.

FX Daily Strategist: US

US political to discussions to extend into next week; still cautious on risk rebound Markets have been riding a wave of optimism that a compromise on the debt ceiling is within reach,

UBS Morning Adviser

(Canadian) Payrolls Due In the absence of key US data prints, some in the market may want to look up north for clues on overall demand south of the border.

Strong signs of more sek weakness going forward

EUR/USD: The market failed to make the outlined 1.3462 test (andbreak) and instead, after an early and failed attempt tobreak 1.3485, bounced back mid range.

Daily Market Technicals

EUR/USD failed to close below the 21-DMA – still a key support level at $1.3505 but bulls are currently testing the 5-DMA at $1.3547, initial res.

GBP/USD Analysis

The pair closed in NY Thursday at $1.5967 after rate had backed off its NY afternoon recovery high of $1.5979. A mix of disappointing US weekly jobless claims,

Daily FX Update

US POLITICAL LANDSCAPE REMAINS THE FOCUS * USD‐mixed with some hope emerging for a compromise in US politics.

GBP – phoenix rise?

* In spring the recovery was seen as the slowest in 100 years. Now, PMIs are the highest on record.

USD on a stronger footing, but market anxiety likely to build as we head into next week The USD is trading on a stronger footing following the release of the minutes to the September FOMC meeting and onexpectations of negotiations starting to get under way in Washington.

UBS Morning Adviser

Japan Dumps Foreign Bonds Japanese investors were big sellers of overseas fixed income assets last week.At US$23 bn,