Tag Archives: GBP/USD

Daily FX Update

A volatile global environment, with some easing in concern over Ukraine offset by an escalation in Iraq, is being watched carefully by markets.

Today’s highlights: USDCAD stays biased directly higher to challenge 1.1027/54 next. Above here would open up a move to retest the 1.1280 March high.

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

The pair closed in NY Friday at $1.6773, off session lows of $1.6767. Sterling came under pressure through Friday,

Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,

Considering the shifts in the global bond market (US 10‐year sub 2.40%, the German 10yr at 1.05%, global 10yrs all lower and

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296, a shorttermrebound is likely.

Today’s highlights: USDJPY risk is seen lower towards 101.32, followed by 101.09/07.

In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.

Pressure remains on the fresh 2014 low at $1.3333 set on Wednesday with bulls now needing a close above $1.3407 to