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GBP/USD2015-05-04 10:19 UTC

Cable has settled to the low 1.51s after last week's sharp U-turn from a high at 1.5498. We think the rally to 1.5498 will prove to be an aberration. This Thursday's UK election should be a consideration given outcome uncertainties and the fact that Cable lost about five points during the final run-in to the last election in 2010. The polls put the right-leaning Conservative Party in the lead, but some way short of an outright majority, ... Read More 

XE-Marktanalyse

  • North American Edition2015-05-04 10:19 UTC

    EUR-USD traded lower during London-less trade in Europe, which seemed the obvious play in thin market conditions following seven straight up days through to Friday. EUR-USD logged an intraday low at 1.1135, which is down by 90 pips on the intraday peak. EUR-JPY and other euro crosses saw a similar price action. Final PMI data out of the Eurozone had little impact. Greece remains an issue. Despite signs that the government in Athens has adopted an improved ... Read More 

  • European Edition2015-05-04 06:06 UTC

    EUR-USD has traded a narrow range in early-week trade just above Friday's low at 1.1174. The absence of Tokyo and London centres will ensure thin trade today. Through to Friday, the euro had climbed for seven successive days, but looks likely for a pause now. Greece remains an issue. Despite signs that the government in Athens has adopted an improved attitude, news reports from weekend negotiations suggest that fundamental differences remain with ... Read More 

  • Asian Edition2015-05-01 18:10 UTC

    The dollar traded broadly higher in N.Y. on Friday, though not due to incoming data, which wasn't horrible, but largely missed market forecasts. Treasury yields moved higher, supportive of the greenback, as was Wall Street's rally. After peaking at 1.1290, EUR-USD slid to session lows of 1.1175. USD-JPY rallied over its 50-day moving average, and posted nearly three week highs of 120.28.USD-CAD moved up sharply, trading over 1.2205 from 1.2090 levels at ... Read More 

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