Tag Archives: GBP/USD
Daily FX Update
Disappointing economic data from China and Eurozone and concerns over the banking sector in Portugal have weighed on market into the open.
Daily Technical Report
EUR/USD rose significantly yesterday.However, we continue to favour an eventualdecline towards the support at 1.3503 as long asprices remain below the resistance at 1.3664(03/07/2014 high).
Taking stock in sterling
Fighting the trend higher in sterling has taken on a Sisyphean dimension inrecent weeks.
The Global Macro Pulse
The IDR was the big mover in Asia trading. USDIDR gapped lower on the open to 11513 before paring its gain to 11560,
AUD finally turning lower? NOK/SEK turning higher?
The greenback and US bond yields fell after Fed minutes. CRB index and oil continued its decline and
Daily Market Technicals
After having found support on dips below the 21-DMA the past two days Wednesday’s rally sees immediate focus on layers of resistance $1.3669-1.3733.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.7157 after rate had recovered off intraday lows of $1.7095 to $1.7161,
Daily FX Update
Markets are quiet with most currencies having gained or lost between +/‐0.1% since yesterday’s NA close.
GBP/USD – Above 1.6996, the bulls remain in control and 1.7332 in focus next
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
Daily Technical Report
EUR/USD is bouncing. The hourly resistance at1.3621 has been breached. However, wecontinue to favour an eventual decline towards the support at
The Global Macro Pulse
The USD strengthened in mid-day trading in Asia. USDJPY edged higher to 101.6, AUDUSD dipped towards 0.939 and
Daily Market Technicals
EUR/USD is now finding support ahead of the 21-DMA as it eyes the $1.3621-38 hourly resistance region.