All Blog Posts Tagged 'GBP' (529)

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

FOREX forecast 24.03.2014

Full text is here

For today:

LONG EUR above 1.3790 SL 1.3780 TP 1.3810-1.3830-1.3850-1.3885-1.3910

SHORT EUR below 1.3825 SL 1.3840 TP 1.3780-1.3750-1.3720-1.3700-1.3680

LONG GOLD above 1325 SL 1320 TP 1336-1342-1348-1354

SHORT GOLD below 1318 SL 1323 TP 1312-1306-1302

Good luck!

Added by Vladimir Mihaylov on March 24, 2014 at 6:44am — No Comments

UBS The Week Ahead in FX Growth & Inflation-G10

"G10

EUR: PMI Indicators (Mar 24, 08:30/09:00GMT)

Consensus expects German manufacturing PMI to fall to 54.5 (from 54.8) and for

the Eurozone figure to drop to 53.0 (from 53.2). The German services index is

expected to decline to 55.5 (from 55.9) while the Eurozone services index is

expected at 52.5 (from 52.6).

EUR: German IFO/ CPI (Mar 25/28, 09:00/13:00GMT)

The survey on business climate and current assessment is likely to…

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Added by Daologic on March 24, 2014 at 6:14am — No Comments

Rabobank FX: which way for the JPY?

"Which way for the JPY?

The Ichimoku clouds are providing some supportive evidence for the yen this morning.  EUR/JPY has broken through the confluence of this year's bullish trendline and the top of the…

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Added by Daologic on March 21, 2014 at 11:09am — No Comments

FOREX forecast 21.03.2014

Full forecast is here

For today:

SHORT EUR below 1.3810 SL 1.3825 TP 1.3750-1.3720-1.3700

LONG EUR above 1.3780 SL 1.3770 TP 1.3805-1.3825-1.3850

LONG GOLD above 1320 SL 1316 TP 1328-1334-1340

SHORT GOLD below 1318 SL 1322 TP…

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Added by Vladimir Mihaylov on March 21, 2014 at 6:07am — 2 Comments

FOREX forecast 20.03.2014

Full text is here

For today:

SHORT EUR below 1.3860 SL 1.3880 TP 1.3805-1.3770-1.3730

LONG EUR above 1.3905 SL 1.3890 TP 1.3940-1.3965-1.3990-1.4020

SHORT GOLD below 1345 SL 1350 TP 1325-1318-1312-1306

LONG GOLD above 1346 SL 1342 TP 1354-1366-1382-1392

Good luck!

Added by Vladimir Mihaylov on March 20, 2014 at 6:16am — No Comments

BMO FX Strategy Daily

"Strategy Comment

  The GBP and the CAD were the main focal points of the London morning in G10.  The GBP…

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Added by Daologic on March 19, 2014 at 11:41am — No Comments

TD Global Daily - London Open

"(...)

UK & Europe…

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Added by Daologic on March 19, 2014 at 6:37am — No Comments

RBS FX Trading Strategy: It may be better to sell EUR/GBP to express a long GBP view

"(...)

With EUR/USD possibly losing upward momentum as it approaches 1.40, it may be better to sell EUR/GBP to express a long GBP view, especially with the FOMC potentially creating volatility in USD. The chart below suggests that the rates spread favours some decline in EUR/GBP. "…

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Added by Daologic on March 19, 2014 at 6:30am — No Comments

FOREX forecast 19.03.2014

Full text is here

For today:

LONG EUR above 1.3955 SL 1.3935 TP 1.3990-1.4020-1.4040-1.4080

SHORT EUR below 1.3920 SL 1.3940 TP 1.3840-1.3805-1.3750-1.3720

is it quite possible the SL to be hit several times, so be very careful when entering the market.

LONG GOLD above 1354 SL 1350 TP 1364-1386-1392

SHORT GOLD below 1345 SL 1350 TP…

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Added by Vladimir Mihaylov on March 19, 2014 at 6:21am — No Comments

FOREX forecast 18.03.2014

Full forecast is here

For today:

LONG EUR above 1.3915 SL 1.3900 TP 1.3960-1.3990-1.4010-1.4040-1.4080

SHORT EUR below 1.3930 SL 1.3940 TP 1.3900-1.3880-1.3860-1.3840-1.3800

LONG GOLD above 1352 SL 1347 TP 1360-1386-1390-1398-1405

SHORT GOLD below 1372 SL 1376 TP 1362-1356-1348-1345

Good luck!

Added by Vladimir Mihaylov on March 18, 2014 at 6:30am — 3 Comments

RBS: EUR still grinding higher, but it may be getting stretched

"Russian equities rallied 3.7% and the Ruble rose 1.0% suggesting the market thought the EU/US sanction response (visa restrictions and asset freeze on 21 people) were not severe and the risk of more is diminished. This suggests that the West will live with Russia annexing Crimea. So the greatest threat to the market would be if Russia agitates to gain control of the rest of Ukraine.

The EUR has remained relatively steady through the crisis. It is certainly hard to fault the EUR’s…

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Added by Daologic on March 18, 2014 at 6:21am — No Comments

RBSM FX Technical Strategy: EURGBP and GBPUSD

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Added by Daologic on March 17, 2014 at 8:30am — No Comments

RBS:Global Currency Themes for the Week | Yellen's Future Rewrite

"Trading Summary | While the air above is thinning, we hold to our long EUR/USD tactical view. GBP/USD has more upside and this may pressure EUR/GBP lower. European currencies remain favoured over Asia FX as investors chase risk adjusted carry returns in a vol crushed world. Stay with long GBP/JPY as the BoE falls further behind in the Race Not to Tighten First. USD/CAD to trade lower initially as spot catches up with rate spreads.…

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Added by Daologic on March 17, 2014 at 7:16am — 1 Comment

UBS-The week ahead in FX: G10 and EM

" G10

EUR: February CPI (Mar 17, 10:00GMT)

February's final CPI reading is due and expected to remain steady at

0.80% (y/y), remaining well below ECB target. Any further fall would

add to worries that the ECB would need to step up to avoid the

possibility of deflation, especially in light of Draghi's recent comments.

AUD: RBA Minutes (Mar 18, 00:30GMT)

The RBA's March minutes are unlikely to add much new –…

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Added by Daologic on March 17, 2014 at 6:47am — No Comments

BBH MarketView: Currency Positioning and Technical Outlook: Euro Resilience is Remarkable

" (...)

The yen was the easily the strongest of the major currencies, gaining almost 2% against the dollar. The Swiss franc (0.6%) would have been the second strongest, but the hawkishness of the Reserve Bank of New Zealand helped push the Kiwi ahead of it (0.8%). Our technical work had identified the Australian dollar as particular vulnerable. It and sterling were…

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Added by Daologic on March 17, 2014 at 6:30am — 1 Comment

TD Securities-Weekly Technical Outlook: GBPAUD

"Heavy price action in GBPAUD over the past two weeks suggests that this cross might be the next best shot to produce the AUD bounce we have been looking for in various locations (without much success) recently. GBPAUD struck a bearish outside range week last week as the market took a tumbled heavy tumble from the…

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Added by Daologic on March 17, 2014 at 6:23am — No Comments

FOREX forecast 17.03.2014

Full article is here

For today:

LONG EUR above 1.3850 SL 1.3835 TP 1.3910-1.3930-1.3960

SHORT EUR below 1.3905 SL 1.3920 TP 1.3875-1.3850

LONG GOLD above 1286 SL 1281 TP 1392-1398-1404

SHORT GOLD below 1405 SL 1408 TP 1394-1386-1364

Good luck!

Added by Vladimir Mihaylov on March 17, 2014 at 6:07am — No Comments

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