Tag Archives: GBP/USD
Daily Market Technicals
EUR/USD broke above the $1.3200 level but closed below, however price action today already testing above and bulls eye a close above.
GBP/USD Analysis
The pair had pulled back to $1.5350 ahead of the NY close, rising into Asia with this recovery extending to an eventual overnight high
UBS Morning Adviser
AUD: Critical CPI Data Ahead Australia’s quarterly inflation report is due on Wednesday, promising to inject some life into these convictionless holiday FX markets.
Fed tapering not on ‘preset course’
US: Fed Chairman Bernanke emphasised that the Fed’s QE programmes were ‘by no means on a preset course’,
Daily FX Update
USD STARTS WEEK WITH BROAD UNDERPERFORMANCE • USD — DXY just under mid-point of five month range.
US Morning Update
Major overnight headlines: • Spot gold rises as much as 2.0% overnight before dropping back,
FX G10/EM Morning Trader Views
EUR – Feels set for another day in dullsville, with little in the way of data to focus on. Illiquid, choppy price action is expected as interest levels are set to be low.
PBOC liberalises commercial lending rates, focus turns back to the Eurozone economy with top-tier business surveys
The PBOC announced on Friday that it will remove the floor on commercial lending rates.
UBS Morning Adviser
JPY: More Weakness Ahead The ruling LDP-New Komeito coalition scored another emphatic political victory overnight
Daily Market Technicals
EUR/USD ended the week a little higher but below the Jul 11 high at $1.3207, despite this weekly studies have appeared to reverse higher.
GBP/USD Analysis
The pair closed in NY Friday at $1.5267 having extended its recovery highs to $1.5283 (50% $1.5752-1.4814)
Daily FX Update
CAD STRONG INTO CPI RELEASE • USD is broadly weaker; US equities reach record highs, oil hits 15-month high.