GBPUSD Regular After Stellar Week, EURUSD Rise Capped – US Market Open


GBP: Following the choice by parliament to vote for an Article 50 extension, GBPUSD is comparatively steady with 1.33 persevering with to stay a stumbling block for the pair. Whereas no-deal Brexit dangers proceed to recede following this week’s votes, the Pound just isn’t out of the woods but. (GBPUSD commerce outlook with IG TV, click on right here).

AUD / NZD: Given the improved danger tone with fairness costs edging larger, AUD and NZD have been among the many most important beneficiaries. As a reminder, with right this moment being quadruple witching, upside in fairness markets could also be considerably exacerbated, thus conserving excessive beta FX pairs supported. Waiting for subsequent week, key focus will probably be on NZ GDP and AU Jobs knowledge.

EUR: The Euro has discovered assist above 1.13 amid the softer dollar, nevertheless, upside has been capped at 1.1325-30 with $three.3bln value of choice expiries rolling off at 1.1305-1.1325. Alongside this, the continued narrowing of US/German rate of interest differentials have additionally helped present an undertone of assist for the pair for now.


GBPUSD Steady After Stellar Week, EURUSD Rise Capped  - US Market Open

Supply: Thomson Reuters

GBPUSD Steady After Stellar Week, EURUSD Rise Capped  - US Market Open

Supply: Thomson Reuters, DailyFX

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— Written by Justin McQueen, Market Analyst

To contact Justin, e-mail him at

Observe Justin on Twitter @JMcQueenFX

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