Tag Archives: GBP/USD
Daily FX Update
ECB LEAVES RATES AT 0.5%; DRAGHI AND ADP NEXT * USD is mixed with safe havens outperforming on US political gridlock.
FX Daily Strategist: Europe
UK Services PMI to pressure Sterling this morning Yesterday’s downward surprise in the UK manufacturing PMI hurt Sterling.
GBP/USD Technical Analysis
(1,6177) The CABLE confirmed some consolidation but the closing was still positive suggesting further upside potential.
The dollar is fighting back and so is the yen & the krona
EUR/USD: The failed attempt above the Sep high has added a potentially bearish “UpThrust” to consider. A “Lower Range Extension” today (a lower break out of the opening hour range)
UBS Morning Adviser
Watching US, Focus at Home The ECB was already entering this month’s decision with its hands full but
FX Daily Strategist: US
UK manufacturing PMI disappoints – scope for GBP to decline on further pull back in data UK PMI manufacturing printed below expectations at 56.7 vs 57.5 (prior: 57.2) this morning.
Daily FX Update
USD IS NOT RALLYING ON GOVERNMENT SHUTDOWN * USD is mixed as US government shutdowns & debt ceiling looms.
Why this Nokky volatility?
Volatility in EUR/NOK has spiked recently. Despite the downshift in economic activity during spring,
FX Daily Strategist: Europe
Political gridlock results in partial government shutdown The government appears to be entering into partial government shutdown mode for the first time in 17 years following a failure of Congress to provide a resolution.
Sterling’s not at home
We’re not convinced recent UK house price rises will mean a stronger pound. The recovery has taken place almost exclusively in London and its south eastern commuter belt.
GBP/USD Technical Analysis
(1,6233) The CABLE confirmed a strong closing above the resistance of the inside day at 1,6175 already extending the move up above 1,62.
GBP/USD trades into resistance at 1.6300-80. BTP widens spread against Bunds
EUR/USD: The market continues to move sideways. Outside 1.3440- 1.3569 is needed to show sellers’ or buyers’ initiative. 1.36.95\1.3711 is the next attraction/resistance area above and