Tag Archives: GBP/USD

FX Daily Strategist: US

Look to fade GBP rally on dovish Inflation report; Jobs data on Aug 14 key We remain negative on GBP after the Bank of England having moved to state-dependent forward guidance.

Daily FX Update

GBP RALLIES AFTER BOE INFLATION REPORT • USD is mixed as GBP & JPY rally; but others fall on tapering fears.

US Morning Update

Major Overnight Headlines • JPY rises as Japanese repatriation speculation builds, Nuclear crisis intensifies; 10-yr JGB yield at 3-month low

Carney Guidance is a “sell the fact”

There are two questions on today’s “guidance” announcement from the Bank of England. First, does Mr. Carney deliver? Second, does the market believe him?

BoE Inflation report: Form of BoE forward guidance to dictate GBP reaction today GBP has failed to benefit from very strong IP data yesterday reflecting uncertainty ahead of Wednesday’s UK inflation report and

Any USD dip is likely to be temporary

Payrolls surprise stalls the USD rally…for now US payrolls have done it again, surprising the market in way that changes the pricing of volatility, this time downward.

GBP/USD Technical Analysis

(1,5335) The CABLE formed a negative day reversal but only after a 1,5385 overshooting taking out our stop. Only a daily closing below 1,5330 will confirm a s/t top supporting lower levels.

Daily Market Technicals

EUR/USD again testing the resistance line from Feb 2013, now at $1.3312 and part of initial res, however, bulls fail to close above this level which usually adds risk downside.

UBS Morning Adviser

JPY: The ETF Dimension Since Bank of Japan Governor Kuroda unveiled his new QQE policy in April, FX investors have focused almost exclusively on the JGB-side of the program.

Daily FX Wrap and Strategy

The NZD has been the strongest performing currency over the past 24 hours. Receding fears about NZ dairy exports have seen the NZD/USD climb back above 0.7900 this morning.

FX Daily Majors

Today’s highlights: • NZDUSD has held the .7687/49 range lows, but we stay bearish for an eventual breakdown to .7458/56.

GBP/USD Technical Analysis

(1,5355) The CABLE confirmed a strong closing last night and it is still well bid suggesting further upside potential, at least for a retest of the 1,5430 area.