Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 02 - 01:55 PM

GBP/USD - Support At 1.2540 Holding; Bounce Capped Ahead Of 200-DMA By 1.2588

By Paul Spirgel  —  Apr 02 - 01:30 PM
  • GBP$ holds slight gain into NY cls, +0.15% at 1.2567; Tues range 1.2579-40

  • UST yields mixed front-end near flat, long-end down 3-5bp

  • Risk mixed as markets return from Easter holiday; stox soft, commods firm

  • Fed-BoE divergence may hobble sterling even if losses are limited

  • GBP$ res 1.2579 Tues high, 200-DMA at 1.2588, falling 10-DM 1.2632

  • Supt at Mon/Tues low 1.2540, lower 3-d Bolli 1.2537 2024 low Feb 5 at 1.2518

  • Recent less-dovish Fed, more-Dovish BoE narrative may have run its course

  • Considerable headline risk ahead with more Fed speaker Wed/Thurs See LSEG's EM page

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!