Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Monday at $1.6984 after rate failed to build on its brief show above $1.7000, the rate marking recovery highs yesterday of $1.7001,
FX Daily Majors
Today’s highlights: USDCHF above the key .9038 high reinforces the base, and opens up a move to the 38.2% retracement barrier at .9135.
Daily FX Update
Markets are quiet heading into the NA session, lack-ing a catalyst in the absence of data releases and geopolitical develop-ments.
Daily Technical Report
EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and 1.3477(03/02/2014 low), confirming an underlyingdowntrend.
The Global Macro Pulse
Asian currencies were range bound with few domestic data to dictate direction. KRW initially strengthened 0.3% before retracing gains.
Daily Market Technicals
Fresh 2014 and 8 month lows continued for the euro Friday before the EUR/USD found support at the key 200-WMA with a weekly close below not seen since Sept 2013.
GBP/USD Analysis
The pair closed in NY Friday at $1.6975 after rate had seen react highs of $1.6992 following the release of in line Q2 GDP data.
Weekly Economic & Financial Commentary
U.S. Review Inflation Rising, Housing Not so Much • Despite the acceleration in consumer prices,
FX Daily Majors
Today’s highlights: USDCHF above the key .9038 high should reinforce the base and target the 38.2% retracement of the 2013/2014 fall at .9135.
Daily Technical Report
EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and
The Global Macro Pulse
Broadly, the USD is slightly stronger in Asia. Although EURUSD is flat at 1.3465, AUDUSD dipped to 0.9407 and USDJPY rose to 101.78.
Daily Market Technicals
Fresh 2014 and 8 month lows continued for the euro Thursday before the EUR/USD managed the first decent bounce this week.