Tag Archives: GBP/USD

The dollar continues to appreciate

USD: bolstered by the Fed The US dollar continued to appreciate last week.

The U.S. 10‐year is lower, back down to 2.55% and equities are flat but the USD is moving rapidly higher,

Today’s highlights: EURUSD has fallen to test our core target zone at 1.2787/55.

EUR/USD continues to decline and is nowtesting the strong support area between 1.2755and 1.2662.

We remain bullish on the USD over the next few weeks and favor expressing this view via long USDJPY positioning.

The ideal correction for Sterling is unfolding accordingly.

The pair closed in NY Wednesday at $1.6335 after rate eased off earlier recovery highs of $1.6414 to a low in

Bears remain firmly focused on the 2013 low and then the $1.2637-60 region below.

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,

Today’s highlights: EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.

EUR/USD made a big daily upper shadowyesterday, indicating persistent selling pressures.

EURUSD traded flat at 1.2857, USDJPY softened to 108.6 and AUDUSD rose slightly to 0.8863 from its overnight low.