Free Trial
US

FED Reverse Repo Operation

US TSY FUTURES

Bonds Lead Post-Auction Sell-Off

US TSYS/SUPPLY

Review 10Y Auction: 3.3Bp Tail, Tsys Sell-Off

EURUSD TECHS

Falters Ahead of Key Resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Price Signal Summary - Bull Cycle In GBPUSD Extends

OUTLOOK
  • In FX, EURUSD maintains a firmer short-term tone as the correction extends. This suggests scope for a continuation higher near-term. Note too that the bounce from last Wednesday’s low means the channel base, at 0.9469, has provided support. The move higher opens the channel top at 1.0007.
  • GBPUSD traded higher Monday, extending the latest recovery from 1.0350, Sep 26 low. The 20-day EMA has been cleared and this signals scope for an extension towards the 50-day EMA at 1.1576 - a key resistance. Initial support is seen at 1.1025, the Sep 30 low.
  • USDJPY key support is 140.36, the Sep 22 low. Attention is on the bull trigger at 145.90, the Sep 22 high. A break would confirm a resumption of the uptrend and open 146.03, 2.764 projection of the Aug 2 - 8 - 11 price swing. Initial support is 143.10, the 20-day EMA.
145 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • In FX, EURUSD maintains a firmer short-term tone as the correction extends. This suggests scope for a continuation higher near-term. Note too that the bounce from last Wednesday’s low means the channel base, at 0.9469, has provided support. The move higher opens the channel top at 1.0007.
  • GBPUSD traded higher Monday, extending the latest recovery from 1.0350, Sep 26 low. The 20-day EMA has been cleared and this signals scope for an extension towards the 50-day EMA at 1.1576 - a key resistance. Initial support is seen at 1.1025, the Sep 30 low.
  • USDJPY key support is 140.36, the Sep 22 low. Attention is on the bull trigger at 145.90, the Sep 22 high. A break would confirm a resumption of the uptrend and open 146.03, 2.764 projection of the Aug 2 - 8 - 11 price swing. Initial support is 143.10, the 20-day EMA.