Daily Pivots: (S1) 1.3377; (P) 1.3411; (R1) 1.3440; More… Intraday bias in GBP/USD stays on the upside at this point. Firm break of 1.3433 key resistance will confirm larger up trend resumption. Next near term target is 61.8% projection of 1.2706 to 1.3422 from 1.3232 at 1.3674. However, break of 1.3232 support will indicate rejection […]
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Markets Markets faced a difficult task today, navigating through a busy eco calendar. In the end, Q1 US GDP data triggered a temporary bear steepening of the US yield curve pushing yields in a first Read more…
Summary The U.S. economy is at a greater risk of recession now than it was a month ago, but this 0.3% contraction in Q1 GDP is not the start of one. It reflects instead the Read more…
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