GBP/USD Comments:
• Anna Coulling: GDP found strong support from 100ma but still looking vulnerable in the USD1.60 area
• ecPulse.com: 1.6300 should hold to preserve all our expectations
• Ilian Yotov: The Bank of England Q3 rate hike expectations have helped, at least for the time being, keep the GBP supported. Will it last much above $1.60 remains to be seen…
• Dr. Sivaraman: Aggressive gains may be seen
• Yohay Elam: The hopes for a rate hike might disappear when the economy takes a hit from austerity measures. Weakness was already seen in Q4, through GDP
EUR/USD Comments:
• Anna Coulling: Appears to be running out of steam as pair approach resistance in the USD1.3750
• ecPulse.com: 1.3950-1.3980 Should hold to keep 1 quarter expectation valid & 1.3750 should be breached to confirm1 month expectations
• Ilian Yotov: As the Fed has opened the door to further USD weakness, the only unknown is whether the market will decide, as it did in November following the Fed's QE2 announcement, that consistent improvement in the U.S. economic data would be a USD positive.
• Dr. Sivaraman: One sided gains may be seen
Yohay Elam: The big load of debt on European shoulders will probably take its toll, despite the temporary relief
USD/JPY Comments:
• Anna Coulling: Still bullish helped by Japan downgrade & now looking to break higher
• ecPulse.com: 81.05-81.35 should hold to keep 1 week and I month expectations valid
• Ilian Yotov: In the aftermath of the Fed's status-quo announcement, the U.S. dollar bulls might need to exercise some patience before the USD resumes its march to post-intervention highs around 86 yen.
• Dr. Sivaraman: Nominal gains may be seen
• Yohay Elam: The improvement in the US economy, and the downgrade that Japan got by S&P boost the pair. Note the correlation with bonds
Keys:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance
• Anna Coulling: Still bullish helped by Japan downgrade & now looking to break higher
• ecPulse.com: 81.05-81.35 should hold to keep 1 week and I month expectations valid
• Ilian Yotov: In the aftermath of the Fed's status-quo announcement, the U.S. dollar bulls might need to exercise some patience before the USD resumes its march to post-intervention highs around 86 yen.
• Dr. Sivaraman: Nominal gains may be seen
• Yohay Elam: The improvement in the US economy, and the downgrade that Japan got by S&P boost the pair. Note the correlation with bonds
Keys:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance
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