Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: • DXY $ Index has completed a small base. A close above 82.63 today would see a bullish “reversal week”.
Daily FX Volume and Technical Strategy: Pre NFP rush
Heading into event risk later today, the market is prepared to get involved in the strong themes of May and June when the USD was bid,
The dollar is coming out stronger again
EUR/USD: Yesterday’s candle is the most bearish daily print in almost a month. The short-term RSIs are showing loss of upside momentum and downside pressure increase.
Daily Market Technicals
EUR/USD descends from the spinning-top after testing the Feb 2013 resistance line now at $1.3321, while daily studies reverse to the downside.
UBS Morning Adviser
AUD: More Bad News Things are going from bad to worse for the Australian dollar.
Daily FX Update
ECB & BOE ON HOLD; DRAGHI TO RETAIN DOVISH TONE • USD is strong after the FOMC made only minor changes, China’s PMI is strong at 50.3;
FX Daily Majors
Today’s highlights: • AUDUSD has broken below the .9000/.8998 lows to see the mediumterm bear trend resume, for .8770 next, then .8674.
FX Daily Strategist: Europe
Another ECB pivot could support EUR, for now The improvement in European economic data has been consistent with the European Central Bank’s forecast for a gradual growth pick-up;
The pound is weak going into BoE today
EUR/USD: A double 1.3207-1.3345 watch seems justified. The market went higher after a deeper test lower yesterday, but is again falling back from a fresh high
Daily Market Technicals
EUR/USD leaves a spinning-top after pushing up to close above $1.3300 after testing support at $1.3206 however has moved back below $1.3300 today.
UBS Morning Adviser
Rate Taming Still Needed Messrs Carney and Draghi’s hopes for a simple final meeting before the summer break may have been dashed by the FOMC’s latest assessments.
Daily FX Wrap and Strategy
After dribbling lower for much of this week, this morning’s FOMC Statement has thrown the NZD/USD something of a lifeline.