Tag Archives: GBP/USD
Daily FX Update
CPI TO DRIVE TAPERING DEBATE (FOR NOW) • USD is mixed but generally weaker. Today’s CPI is the key for the tapering debate;
FX Daily Strategist: US
GBP surges for now as markets follow UK data rather than Carney It is no surprise that GBP has again rallied following the very strong July UK retail sales data (+1.1% mm vs consensus of +0.6%).
US Morning Update
Major Overnight Headlines • Japanese Fin Min says PM Abe “did not request” consideration of corporate tax cut; Nikkei falls, Bloomberg
The Global Macro Pulse
USD extended losses in Asia trading. EUR spiked to a high above 1.33, before easing slightly to 1.329. AUD also pushed higher to 0.918, and NZD to 0.806
FX Daily Majors
Today’s highlights: • EURUSD bias stays lower to test 1.3190, but beneath here remains needed to set a better top, for 1.3112.
FX Daily Strategist: Europe
Canada housing data likely to help CAD short-squeeze We think near-term CAD risks remain to the upside with market consensus and
Europe – A raft of US economic data up today
Advanced estimates of Eurozone QII GDP growth reported gentle expansion of +0.3% QoQ in the April-June quarter.
Daily Market Technicals
EUR/USD held above the 23.6% level again and allowed bulls to retest the Feb 2013 res line and also the 5-DMA at $1.3290/94, a level it already broke above.
UBS Morning Adviser
MOVE-ing Against Decay For all the talk of fiscal risk, Eurozone instability and the perils of policy normalisation, it has been an awfully quiet summer.
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its key peers over the past 24-hours. The NZD/USD sits just above 0.8030 this morning.
FX Daily Strategist: US
US retail sales breaks the data lull Our economists expect a modest 0.2% rise in today’s July retail sales print after June’s 0.4% gains, and look for sales excluding gasoline,
Daily FX Update
USD TO STRENGTHEN AS FED POISED FOR SEPT TAPER • USD is mixed but markets are generally quiet. Today: PPI & Bullard.