Tag Archives: GBP/USD
GBP/USD Analysis
The pair closed in NY Tuesday at $1.7131 after rate recovered off its UK IP/Mfg react lows of $1.7085 to $1.7135, settling around $1.7130 into the close.
Daily FX Wrap and Strategy
The NZD topped the G10 leaderboard overnight, thoughlagged gains among emerging market currencies. It is 0.3%stronger against the USD at 0.8790.
GBP/USD – On the way towards 1.7332 and 1.7768
Having finally managed to break decisively above key-pivotal resistance 1.7044/49 (2009 high/2005 low)
Daily FX Update
Markets are quiet leading into the NA session that will kick off earnings season with the release of Alcoa’s earnings.
FX Daily Majors
Today’s highlights: USDCAD has found renewed buying at support at 1.0612/00, and we continue to look for a base here.
Daily Technical Report
EUR/USD made a bullish intraday reversalyesterday, suggesting a potential short-termbounce. Hourly resistances stand at 1.3621(intraday high) and 1.3664 (03/07/2014 high).
The Global Macro Pulse
G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%.
Daily Market Technicals
EUR/USD remains capped ahead of $1.3611 with bulls now looking for a close above this level to ease bearish pressure a little.
GBP/USD Analysis
The pair closed in NY Monday at $1.7128 after rate had been pressed lower through the European session to a low of $1.7109 as traders pared longs ahead of today’s release of UK IP/Mfg data (0830GMT).
GBP/USD – On the way towards 1.7332 and 1.7768
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
Daily FX Update
Markets are relatively quiet leading into the week; equities are soft, two‐year yields are up to 0.51%, the USD is mixed but relatively quiet.
Daily Technical Report
EUR/USD has broken its short-term risingchannel after having stopped near the 38.2%retracement of its previous decline. A falltowards the support at 1.3503 is likely.