Tag Archives: GBP/USD
Daily Market Technicals
EUR/USD still holds above the weekly resistance line from May 2011 but yesterday’s session left a long upper-shadow to caution bulls and add pressure lower.
Daily FX Wrap and Strategy
The NZD/USD was launched higher yesterday morning. Subsequently it consolidated it gains until early this morning when it has subsided to 0.8160.
Daily FX Update
USD WEAKENS AS SUMMERS WITHDRAWS CANDIDACY * USD is weak reacting to Summer’s decision to withdraw his candidacy.
US Morning Update
Major Overnight Headlines • Asian/morning London sessions see flight into risk, developing market FX as Summers withdraws
GBP/USD Technical Analysis
(1,5935) The CABLE confirmed a strong closing on Friday in the daily as well as in the weekly charts supporting a direct extension of the move up above the 1,59 level.
The Global Macro Pulse
Overnight Price Action The USD weakened across the board in response to Larry Summers’ announcement that he has withdrawn from being a candidate for Fed chairman.
FX Daily Majors
Today’s highlights: * EURGBP has confirmed a top below .8398, and we stay bearish .8165/55.
The 50 Billion Dollar Currency
* Turnover in the global FX market expanded 35% between 2010 and 2013, easily outpacing growth in global GDP and world trade
UBS Morning Adviser
Summers Sinks Dollar The dollar came under broad-based selling pressure overnight after Larry Summers pulled out of the race to succeed Fed Chair Bernanke.
Daily Market Technicals
EUR/USD opened above weekly resistance line from May 2011 and already making strong gains up through the 200-week MA.
FX Comment: tapernomix
A journey of a thousand miles begins with a single step. Lao-tzu THE week has arrived – to taper or not to taper seems no longer a question.
EURUSD stays under pressure in the broader range
USDJPY maintains the breakout from its “triangle” pattern and we stay bullish for 101.54/61 initially above which would retarget the 103.10/74 peak.