Tag Archives: GBP/USD
Daily Technical Report
EUR/USD made an intraday bullish reversalnear the key support at 1.3503 (see also thelong-term rising trendline from the July 2012low) on Friday, favouring a short-term bounce.
The Global Macro Pulse
With Japan closed today, trading in FX markets was thin. EURUSD crept slightly higher to 1.3533, USDJPY is marginally lower at 101.26, and AUDUSD is flat at 0.9393.
Daily Market Technicals
EUR/USD took out the previous key support region noted $1.3503-12 before bouncing from ahead of the 2014 low.
GBP/USD Analysis
The pair closed Friday at $1.7088 after rate had recovered off pressured lows of $1.7037(US bank fix sales 1300GMT) before correcting to $1.7094 ahead of the close.
Weekly Economic & Financial Commentary
U.S. Review Q2 Appears to Be Ending on a Stronger Note • Retail sales rose a modest 0.2 percent in June, however,
Daily FX Update
An improvement in broader market sentiment — reflecting a moderation in market participants’ concern over Thursday’s events in Ukraine and Israel
FX Daily Majors
Today’s highlights: EURUSD spotlight remains on support at 1.3513/03. We favour an eventual break below here and 1.3477 to complete a large bear “wedge”.
FX Outlooks & Strategies
EUR/USD: Our bearish view was vindicated as the market has resumed its choppy decline towards medium-term targets
Daily Technical Report
EUR/USD is close to the key support at 1.3503(see also the long-term rising trendline from theJuly 2012 low).
Risk aversion noted – bonds & oil up, stock down
EUR/USD trades cautiously lower into the support zone at/around the 1.35-mark. GBP/USD tests support in the high/mid-1.70s once more.
The Global Macro Pulse
The dollar has given up some of its initial gains against the AUD and EUR and recovered slightly against the JPY in the wake of the MH17 airline tragedy.