Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: GBPUSD above multi-year range resistance at 1.7044/49 should see strength extend to our target of 1.7330.
Daily FX Update
Markets are quiet; with equities relatively flat, the U.S. 10‐year yield in a tight range, the USD retraces some of its losses and volatility still falling. There is no U.S. data today or Fed speakers.
How to play the pound now?
Governor Carney’s speech last week led to a large repricing of front-end UK rates last week,
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 (see also the38.2% retracement) is favoured as long as thehourly support at 1.3584 (19/06/2014 low) holds.
Technical Outlook For EUR/USD, USD/JPY, GBP/USD
EUR/USD: Correction higher has gained traction and the break above the 20 day ma is looking directional.
Daily Market Technicals
Bulls take a little comfort from Thursday’s close above the 21-DMA which was the first since early May.
UBS Morning Adviser
Central banks target long-term economic potential The Federal Reserve and Norges Bank both surprised market expectations this week to the dovish side.
GBPUSD – rally reaches key target/pivot at 1.7050 to complete wave-3
Sterling has nearly reached our wave-1 target level at 1.7050, this is after breaking a recent pivot high at 1.6996.
Trade Idea: Selling EUR/USD
USD weakness following the Fed meeting provides an opportunity to enter shorts, argues Morgan Stanley
Daily FX Update
Yesterday’s Fed message was supportive of risk taking, driving equities to fresh highs, U.S. yields lower and a weak USD.
FX Daily Majors
Today’s highlights: AUDUSD has completed a bullish “reversal day” from its 55-day average, and we look for a retest of the June high at .9439.