Tag Archives: GBP/USD

Daily FX Update

The USD is mixed into the open. The Asian and European sessions were central bank focused

EUR/USD has moved above the hourly resistance at 1.2456 (see also the declining trendline),

Today’s highlights: EURUSD appears to be forming a bull “wedge”,

The pair closed in NY Wednesday at $1.5712 as rate was pushed up off earlier lows of $1.5648 on

The close above the 21-DMA provided bulls with a boost and sees immediate focus

The USD is mixed into the open as yesterday’s massive profit taking has eased.

Today’s highlights: EURUSD continues to hold medium-term range support,

EUR/USD has bounced after having posted new lows.

The pair closed in NY Tuesday at $1.5667 after rate had managed to extend its recovery off

The bounce from ahead of the $1.2241 support and falling daily trend line projection continued Tuesday,

The NZD has strengthened along with all of its peers, relative to a weak USD overnight.

Risk aversion is rising, as global growth fears (ex U.S.) escalate and oil prices fall to fresh 5 year lows.