GBP/USD recovery to extend towards 1.5120 - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group, anticipate GBP/USD’s recovery to extend towards 1.5120 levels today.

Key Quotes

"While GBP dipped towards the recent low near 1.4980, the rebound fell short of the target indicated at 1.5110 last Friday.”

“That said, the recovery from the low appears incomplete and is expected to extend towards 1.5120 today. 1.5020 is a strong support ahead of Friday’s low."

Feb 2, 2015

NZD/USD might below 0.71 levels in the medium-term – Westpac

Imre Speizer of Westpac, mentions that NZD/USD negative momentum could continue over the medium term, noting that a break below 0.71 levels is likely for the pair, further adding that the pair may stage a rebound by late 2015 if commodity prices rise.

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Feb 2, 2015

Asia Recap: Yen on 'yo-yo- mode, sub 117.00 stops off

The Yen went from being the strongest currency in early Asia, courtesy of stop-loss hunting practices, to end as the weakest, together with the Swiss Franc, also being weighed down by talk of an unofficial soft floor in EUR/CHF at 1.05-1.10 doing the rounds. The rest of G10 FX saw subdued activity.

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