Daily Pivots: (S1) 1.3278; (P) 1.3309; (R1) 1.3354; More… Intraday bias in GBP/USD remains on the upside for the moment. Current rally is in progress for 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3219 minor support will turn […]
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Markets Sterling was among the outperformers on currency markets last Friday. The British pound excelled on significantly stronger than expected August retail sales after an already bumper July. EUR/GBP’s downside at 0.838 (July and by Read more…
Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised Read more…
In focus today Today, focus is on the euro area PMIs for September. The service PMIs got a ‘golden boost’ from the Olympics in France in August, which likely reversed in September. While we expect Read more…