Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: • NZDUSD above .8107 sees a base established to target .8165/93 next.
FX G10 Morning Trader Views
EUR – Slowly retracing the spike move from Thursday evening, though client interest is very much on the low side.
GBP/USD Technical Analysis
(1,5630) The CABLE formed on Friday a negative day reversal but only a daily closing below 1,5605 will confirm a s/t top.
The Aussie is clawing back some ground
EUR/USD: Last IMM reporting week (as per last Tue’s close) Speculative accounts added to net EUR longs and reduced shorts – both directly and indirectly as an aggregate measure.
Daily Market Technicals
EUR/USD failed to retest the $1.3400 Aug 16 high while daily studies slip lower and 10-week momentum shows negative divergence.
UBS Morning Adviser
Spread Widening Favours USDJPY US 10y Treasury yields have risen 9.5bp since Friday’s open, setting a new two year high as the countdown to the September FOMC meeting continues.
Daily FX Update
ASSET ALLOCATIONS SHIFT ‐ PREPARING FOR TAPERING • USD is quiet relative to yesterday as market catches its breath.
US Morning Update
Major Overnight Headlines • Euro Area core CPI rises 1.1% YoY in July, in-line; June trade surplus widens EUR1.1 bln to 14.9B
Europe – Tapering expectations still driving yields higher…
Then focus turned to the raft of US economic news. While the labour market continues to improve gradually, other economic indicators were generally softer than expected.
UBS Morning Adviser
Japan Bond-Buying Accelerates Japanese investors are buying foreign bonds again, and with US 10 yields approaching a multi-year high overnight,
Daily Market Technicals
EUR/USD leaves a long white candle with a long lower shadow while bulls close above the Feb 2013 former res line, now part of initial support at $1.3291/3300.
Daily FX Wrap and Strategy
The NZD experienced some volatility overnight but sits a little higher at 0.8080 this morning. Yesterday’s NZ PMI served to reinforce the message that domestic economic momentum is very strong.