Tag Archives: GBP/USD
FX Daily Majors
Today’s highlights: EURUSD remains capped below 1.3688/90 – price resistance and 38.2% retracement of the decline from May – leaving the risk marginally lower.
Daily Technical Report
EUR/USD made an intraday bullish reversal lastThursday, indicating exhaustion in the short-termselling pressures. Resistances can now be foundat 1.3688 (22/05/2014 high) and 1.3734(19/05/2014 high).
UBS Morning Adviser
Two days of sharply lower fixings raise questions on further RMB weakness Following Friday’s sharply lower official USDCNY mid-rate fixing
Daily Market Technicals
The EUR/USD popped above the 21-DMA ($1.3660) before closing back below and consolidating below to start the new week.
GBP/USD Analysis
The pair closed in NY Friday at $1.6802 after rate had corrected back from a post NFP high of $1.6845 to $1.6781 (on reversal higher in UST yields) before rate drifted higher through the NY afternoon to $1.6813.
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
Daily FX Update
Leading into nonfarm payrolls the market’s attention is firmly on EUR and its resilience to downside pressure. The U.S. 10‐year is trading at 2.57; while equities are vaguely firmer and the USD is mixed.
FX Daily Majors
Today’s highlights: EURUSD ideally stays capped below price resistance at 1.3689/90.
Daily Technical Report
EUR/USD made an intraday bullish reversal onThursday, indicating exhaustion in the short-termselling pressures.
The Global Macro Pulse
EM Asia FX was the main mover today, led by a surprise 85pip fall in the USDCNY fix to 6.1623, its lowest level in over two weeks.
UBS Morning Adviser
Does recent China manufacturing PMI suggest the mini-stimulus is working? This past Tuesday’s release of final May HSBC Manufacturing PMI reached a 4-month high.
Daily Market Technicals
The sharp move lower was aggressively reversed overnight with the EUR/USD closing above the 200-DMA in the process and easing bearish pressure but falling short of the 21-DMA.