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11 Jun 2014

GBP/USD could visit 1.6720 - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group suggested a potential move downwards to 1.6720 in GBP/USD.

Key Quotes

"The short-term momentum is picking up strongly and a move below the key support at 1.6720 appears imminent".

"A break below this level will suggest further GBP weakness in the next couple of weeks with an immediate target at 1.6660".

"In the meanwhile, only a move back above 1.6820 will alleviate the immediate downward pressure."
Jun 11, 2014

ECB measures still weighing on EUR - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observes the recent ECB easing measures keep the EUR demand under pressure...
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Jun 11, 2014

After drifting a bit oil price recovered on Wednesday

Independent Analyst Malcolm Graham-Wood notes that on Tuesday API stats confounded again as crude stocks built by 1.5m barrels against a forecast draw and gasoline stocks fell by 441/- barrels against a guess of a rise of 843/-.
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