All Blog Posts Tagged 'GBP' (526)

UBS FX Comment - Strong Dollar Time

"(...)

1. Strong payrolls would spark sharp dollar rally

In our view the dollar has reached a major turning point against the

euro. Since the summer of 2012 the single currency has traded from 1.20

to almost 1.40 as the Federal Reserve's third round of quantitative

easing led to its balance sheet expanding while at the same time the

ECB's contracted through banks repaying Longer-Term Refinancing

Operation loans. But the Fed's balance sheet expansion is now…

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Added by Daologic on March 31, 2014 at 6:39am — No Comments

TD: FX CFTC Report

"CFTC Commitments of Traders Report - Week Ending Tuesday, March 25th

 …

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Added by Daologic on March 31, 2014 at 6:25am — No Comments

FOREX forecast 31.03.2014

Full forecast is here:

http://www.fxstreet.com/analysis/todays-forex-forecast/2014/03/31/



For today:

SHORT EUR below 1.3780 SL 1.3795 TP 1.3720-1.3700-1.3680

LONG EUR above 1.3670 SL 1.3655 TP 1.3780-1.3820-1.3850-1.3880

SHORT GOLD below 1304 SL 1308 TP 1290-1282-1275-1258-1254-1242

LONG GOLD above 1318 SL 1314 TP 1340-1352-1368



Good luck!



Feel free to… Continue

Added by Vladimir Mihaylov on March 31, 2014 at 5:15am — No Comments

TD Securities:WEEKLY TECHNICAL OUTLOOK GBPAUD

GBPAUD remains at risk of a deep slide. Losses have slowed through the end of the week but trend momentum is bearishly aligned across the longer-term studies and monthly price action (bearish key month reversal is all but certain) suggests a major turning point in this cross. We look for limited gains (1.81/1.83…

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Added by Daologic on March 29, 2014 at 6:36am — No Comments

BBH CurrencyView: Dollar Firms As Euro Zone Data Disappoints

"The main impulse today is the heightened deflationary risk in the euro area, sparked by Spanish and German state inflation figures.  The euro area's flash CPI will be reported Monday ahead of next Thursday's ECB meeting.  Draghi's comments recognized that the euro's strength, while not a target of policy directly, was becoming a risk to the growth and inflation goals of…

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Added by Daologic on March 28, 2014 at 11:25am — No Comments

TD Global Daily – NA Open

"UK & Europe

EUR…

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Added by Daologic on March 28, 2014 at 10:27am — No Comments

ANZ:GBP/NZD WEEKLY BAR CHART WITH RSI AND SLOW STOCHASTICS

The risk of peaking in both GBP/USD and NZD/USD suggests that the cross could indicate which is more likely to retrace.

Momentum is (not surprisingly) relatively neutral. Price action looks decidedly corrective, but approaching the end of a minor leg lower which should likely be in the 1.8870-1.9140…

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Added by Daologic on March 28, 2014 at 7:52am — No Comments

ANZ:GBP/USD WEEKLY BAR CHART WITH RSI AND SLOW STOCHASTICS

The rally into a historic ‘sell’ zone (previous highs, retracements and measured moves) of 1.6450-1.7050 has encountered weekly momentum divergence and so near-term pullbacks need to be closely monitored.

Dips below 1.6425 could trigger a series of deeper retracements of the rally seen off last year’s 1.4815…

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Added by Daologic on March 28, 2014 at 6:04am — No Comments

ANZ:AUD CROSSES – A MORE MIXED PICTURE

"This forecast change does not shift our views on the crosses. Overall we continue to think that the AUD has based against the NZD. The AUD will begin to base against the JPY as domestic dynamics keep the JPY equally weak, while the broadly more supportive external environment will make the AUD depreciation against the EUR and GBP slightly slower.…

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Added by Daologic on March 28, 2014 at 6:00am — No Comments

ANZ:EUR/GBP WEEKLY BAR CHART WITH RSI AND SLOW STOCHASTICS

The steady grind to retracement support at 0.8160 occurred with a basing in momentum. The recent break above 0.8305 (declining resistance) is now gaining support from a potential roll upwards in momentum.

This break above 0.8305 could trigger larger up-moves (to mirror the rally from mid 2012), but the…

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Added by Daologic on March 28, 2014 at 6:00am — No Comments

RBSM: UK retail sales data - Unbelievable, certainly unsustainable

"The official UK retail sales data were remarkably (implausibly) strong in February, with volumes growth surging by 1.8% m/m (ex-auto fuel measure). This compared to the RBS and consensus forecast at 0.3% and was way above City forecast range: -0.5% to +1.0%. Volumes growth in the latest three months surged to 1.9% from 1.4% – the fastest expansion since before the crisis (March 2008).

 

The breakdown of the February data was rather skewed, which tends to cast further doubt on their…

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Added by Daologic on March 27, 2014 at 11:16am — No Comments

TD Global Daily - NA Open

"Asia

NZD Feb…

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Added by Daologic on March 27, 2014 at 11:05am — No Comments

TD Global Daily - London Open

"Asia…

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Added by Daologic on March 27, 2014 at 7:18am — No Comments

FOREX forecast 27.03.2014

Full thext is here

For today:

LONG EUR above 1.3805 SL 1.3790 TP 1.3830-1.3850-1.3880

SHORT EUR below 1.3840 SL 1.3855 TP 1.3780-1.3750-1.3730-1.3710

SHORT GOLD below 1308 SL 1312 TP 1300-1292-1288-1280-1278

LONG GOLD above 1320 SL 1315 TP 1330-1336-1340

Good luck!

Added by Vladimir Mihaylov on March 27, 2014 at 6:20am — No Comments

TD Securities: CAD TECHNICAL OUTLOOK

USDCAD dropped out of the low end of the past week’s consolidation range this morning but, so far, follow through selling interest has been limited and the market may be trying to trying to rebound from the low end of the gap left open by last week’s surge higher in spot—still support even though the USD move to fill…

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Added by Daologic on March 25, 2014 at 3:43pm — No Comments

FOREX forecast 25.03.2014

Full text is at the link below:

http://www.fxstreet.com/analysis/todays-forex-forecast/2014/03/25/



For today:

SHORT EUR below 1.3850 SL 1.3860 TP 1.3805-1.3780-1.3760-1.3730-1.3710

LONG EUR above 1.3710 SL 1.3700 TP 1.3750-1.3775-1.3805-1.3830

LONG GOLD above 1308 SL 1304 TP 1318-1326-1332

SHORT GOLD below 1310 SL 1314 TP 1302-1292-1287



Good luck!



P.S.… Continue

Added by Vladimir Mihaylov on March 25, 2014 at 6:20am — No Comments

Rabobank FX: GBP - how strong is it really?

"GBP – how strong is it really?

The Bank of England tends not to make a habit of talking about sterling.  However, the minutes of the December MPC meeting contained the phrase that “any further…

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Added by Daologic on March 24, 2014 at 11:13am — No Comments

UBS FX Comment - Fed Primes Dollar For Major Rally

"1. Strong US data now will lead to sharp dollar rallies

The dollar is primed for a major rally following this month's Federal Open Market Committee meeting. The FOMC met expectations by cutting the Fed's pace of asset purchases by another $10bn to $55bn a month. But policymakers surprised on several other counts.

First, the FOMC dropped its forward guidance linking future interest rate hikes to specific levels of unemployment. The guidance had become increasingly irrelevant as…

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Added by Daologic on March 24, 2014 at 8:00am — No Comments

TD Securities:CFTC Commitments of Traders Report - Week Ending Tuesday, March 18th

" IMM positioning in the major currencies registered moderate

changes in the week through March 18th. The outlier was the

move in JPY positioning, where CTAs and speculative

investors covered roughly a third of outstanding net shorts

during the week. As a result, net JPY shorts declined to 61.1K

contracts.

 That helped the implied aggregate long USD position held by

the market slide to USD 0.7bn, the lowest since early

November.

 CAD was the only currency…

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Added by Daologic on March 24, 2014 at 7:49am — No Comments

TD Securities:WEEKLY TECHNICAL OUTLOOK-GBPAUD

  We took a look at the technical position of GBPAUD last week and didn’t really like what we saw. The situation has not improved. The GBP continues to pressure key support—long-term trend and the base of the 2014 range (also H&S neckline trigger which implies around 11 big figures’ worth of downside)—at 1.8280/90.…

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Added by Daologic on March 24, 2014 at 6:55am — No Comments

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