Asian indices trading higher as China’s money-markets rates fell the most in the four weeks after the central bank injected funds into the financial system and the continued strength of U.S. Dollar against the Yen. Today, the international Monetary Fund will offer its outlook for the Global economy and a rise to 63.4 from 62 is expected for Germany’s ZEW institute’s monthly index of investors’ confidence.
Trade Idea
GBPUSD
A 4H break and close above 1.6450 level could lead price to 1.6500. Alternative a break below 1.6405 targets 1.6355.
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