Tag Archives: GBP/USD
Sell GBP and CAD. USD/NOK bull flag ready to go
EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of
GBP/USD Analysis
The pair closed in NY Wednesday at $1.5957 after rate had recovered off extended lows of $1.5917, the base seen following the release of FOMC Minutes.
Daily Market Technicals
EUR/USD descends through the 23.6% at $1.3518 to test the 21-DMA as support – now initial support at $1.3493.
Daily FX Wrap and Strategy
ANZAC outperformance has been the main story of the night, with the NZD and AUD holding firm despite a general strengthening in the greenback.
FX Daily Strategist: US
UK data losing its shine – GBP vulnerable to further downside UK industrial and manufacturing production data disappointed expectations this morning by falling 1.1% and 1.2% m/mrespectively.
Trading recommendation: Sell GBP/USD
• In our view, the surge in GBP/USD since the spring is related to expectations of stronger growthon the back of improving indicators and
FX Daily Majors
Today’s highlights: * USDJPY focus remains firmly on the 200-day average at 96.78 where we look for an attempt to rebound.
The Global Macro Pulse
Overnight Price Action The S&P fell 1.2% in New York, but the combination of news that the White House is considering a temporary increase in the
JPY, CAD, SEK & EM (ZAR & TRY weakness)
EUR/USD: There is a near-term tilt to the downside which would grow in strength on a move below 1.3538. But so far sellers lack the impetus to exit lower in line with the most recent benchmark candle.
Daily Market Technicals
EUR/USD pushed up to test just above $1.3600 yesterday and today also; this left a long upper shadow yesterday and may do today as well.
UBS Morning Adviser
Fiscal Sensitivity Rising Tuesday’s weak auction of US 4w T-bills added to market concern over the fiscal impasse in Washington,
FX Daily Majors
Today’s highlights: * USDJPY spotlight stays on its 200-day average at 96.73. Below can target 95.80/63.