Tag Archives: GBP/USD
Daily FX Update
BERNANKE EXPECTED TO BE DOVISH BUT NOT POLOZ • USD is mixed leading into Chair Bernanke comments—we expect a dovish tone with the message that rates are hold for a long time.
US Morning Update
Major overnight headlines: • Asian & European equities, European sovereign debt broadly weaker ahead of Bernanke
FX G10/EM Morning Trader Views
EUR – Another position cleanse yesterday taking us to 1.3155 in ldn and 1.3174 in ny.
USD bulls getting picky
Heading deeper into the Northern hemisphere summer, FX price action is becoming increasingly choppy.
GBP/USD Technical Analysis
(1,5110) The CABLE is still consolidating interior the inside day with 1,5235 – 1,4985 still the levels to follow in the coming hours.
FX Compass
While near-term risk is for a broad dip in the USD as Bernanke speaks later today, we feel that the next leg of the “normalization” of the AUD could start soon.
Daily Market Technicals
EUR/USD moved up to the Jun 19 resistance line, now at $1.3155 and broke above only to slip back below today.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.5155 after it had extended its recovery off post UK CPI inspired lows of $1.5045 to $1.5169
UBS Morning Adviser
Follow BoE Minutes The main event for markets today will be Chairman Bernanke’s semi-annual testimony in front of Congress.
Daily FX Update
RBA SUPPORTS AUD; WHILE CAD AWAITS BOC ON WED • USD is broadly weaker – markets await Bernanke’s testimony (Wed).
FX G10/EM Morning Trader Views
EUR – Shrugging off the 3rd dip to the 1.2980/1.30 area yesterday, eur opens up back above 1.3080 in ldn – Right now,
GBP/USD Technical Analysis
(1,5125) The CABLE is still consolidating interior the inside day with 1,5235 – 1,4985 still the levels to follow in the coming hours.