Tag Archives: GBP/USD
US Morning Update
Major overnight headlines: • Italian industrial orders rise 3.2% MoM in May, sharpest increase since January 2011
European Strategy and Trades
We summarise the main changes to the ECB collateral framework, which show a clear bias towards easing rules for ABS.
GBP/USD Technical Analysis
(1,5220) The CABLE confirmed a positive closing while remaining interior the range of the previous session forming a new inside day with
Short term more dollar weakness
EUR/USD: With a higher low printed yesterday the upside pressure remain in place and as earlier elaborated a corrective peak cannot be put in place with less than a move above 1.3209.
Daily Market Technicals
EUR/USD bounced from around the 200-DMA, still part of initial support at $1.3080 and closed above 50% level at $1.3086.
UBS Morning Adviser
Into Japan’s Elections The yen has been the main mover this morning in Asia. Earlier,
GBP/USD Analysis
The pair closed in NY Thursday at $1.5228 after rate had recovered off a pullback low of $1.5183 having seen react highs of $1.5242 earlier in the session
Daily FX Update
MARKET SHIFTS TO USD STRENGTH BIAS • USD—biased for strength as market interprets FX implication of Fed.
GBP/USD Technical Analysis
(1,5180) The CABLE confirmed a strong closing above 1,52 but unfortunately not above the 1,5225 key level, despite a 1,5265 overshooting.
Daily Market Technicals
EUR/USD slips lower after testing res at $1.3164 and part of further res alongside Jul 16 high at $1.3174. Initial res at $1.3141.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.5218 having recovered off a corrective pullback low of $1.5154 (off BOE MPC Minutes inspired spike gains of $1.5268) to $1.5244
UBS Morning Adviser
Dollar Bears Beware Bernanke Financial markets interpreted Federal Reserve Chairman Bernanke’s Congressional testimony as dovish with the dollar softening,