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GBPUSD in a steady decline since mid-JulyFound its footing just shy of the 200-day SMACan the bulls stage a comeback?GBPUSD has been forming a structure of lower highs and lower lows since its...
UK home prices plunge 4.6% in the year up to August, the worst y/y drop since 2009 UK businesses are expected to deliver the smallest price rise since February 2022 GBP underperforms as BOE rate hike...
British Pound falls to 3-month low against US Dollar UK house prices fall sharply BoE’s Bailey is non-committal about the September rate decision The British Pound has extended its losses on...
Dovish BoE commentary weighs on the pound Two more rate hikes are still heavily priced in Major support below around the 200/233-day SMA band The monetary policy report hearing can often be a...
GBP/JPY is currently at 184.85 after a corrective move. If we can break support at this level, we can expect a continuation to the ATR target at 184.17 with further potential downside. It's important...
If the beleaguered euro and yen did not have enough to worry about already, they now have to cope with Brent oil trading above $90/bl as the Saudis extend their supply cuts through to year-end. Unless...
Business activity in the UK is losing ground, as is the case in Europe and China, although the final reading for August saw the services PMI rise to 49.5 from the first estimate of 48.7. According to...
JOLTS job openings slip to 8.827m (9.465m expected, 9.165m previously) Consumer confidence also falls but the survey is volatile Is last week’s breakout stalling? As we near the end of the...
EURUSD Strong resistance at 1.0830/40 & 1.0880/1.0900.GBPUSD strong resistance at 1.2680/1.2700 today - shorts need stops above 1.2720. NZDCAD resistance at 8080/8100 & shorts need stops above...
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