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12 Mar 2015

GBP/USD capped at 1.4980 – UOB

FXStreet (Barcelona) - Analysts at UOB Group, view that GBP/USD might remain capped at 1.4980levels, and any rebound would target 1.4870.

Key Quotes

“Instead of trading sideways, GBP plunged below the 1.5030/35 support to touch a low of 1.4893.”

“The limited recovery from the low suggests that further downside risk from here.”

“Expect any rebound to hold below 1.4980 for a move towards 1.4870.”
Mar 12, 2015

Gold hits fresh session highs above USD 1155

Gold prices on Comex moved away from close to lowest levels in three month in the Asian session, as the greenback took a breather in its rally and eased from fresh twelve year highs.
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Mar 12, 2015

ECB hasn't deliberately pushed the euro to its current multi-year lows – ECB’s Liikanen

The ECB's current monetary policy is not deliberately directed toward depreciation of the single currency, the bank's Governing Council member Erkki Liikanen said on Wednesday.
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