Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Tuesday at $1.7144 after rate had been pushed to extended 68-mth highs of $1.7192 following the release of stronger than forecast UK inflation data.
Daily FX Update
The USD is strong (except against GBP) leading into to Chair Yellen’s semi‐annual testimony but market moves have generally been limited.
Daily Technical Report
EUR/USD rose yesterday but failed to holdmost of its gains at the end of the session. Abearish bias is favoured as long as prices remainbelow the resistance at 1.3664 (03/07/2014 high).
FX Daily Majors
Today’s highlights: GBPUSD’s break of key near-term support at 1.7095/85 sets a minor top, which should allow a deeper setback to 1.7008/1.6998.
The Global Macro Pulse
G10 FX rates are little changed from New York levels. The RBA minutes generated no meaningful movement in AUDUSD,
Big drop in Gold is observed. Renewed OMX selling is a risk
EURUSD: Price action yesterday does not reveal any fresh current in the market. The 1.3576/13651 range has to be violated to indicate an increased chance for a directional move.
Daily Market Technicals
The consolidation within the recent $1.3576-1.3651 region has seen a triangle develop on the dailies.
GBP/USD Analysis
The pair closed in NY Monday at $1.7084 after sterling had come under pressure into the US session on reported position adjustment ahead of today’s key
Daily FX Update
Markets are entering the week on an encouraging tone. Equities are stronger, U.S. 10 year is at 2.52%,
Daily Technical Report
EUR/USD is consolidating after Thursday’sdecline. A bearish bias is favoured as long asprices remain below the resistance at 1.3664(03/07/2014 high).
Sell GBP/USD – Deutsche Bank
Investors following tactical strategies should consider selling GBP/USD this week, advises Deutsche Bank in its weekly FX pick to clients.