The UK’s labour market showed further signs of gradual cooling in June, with payroll employment continuing to edge lower while wage growth remained broadly stable. Early estimates showed the number of payrolled employees fell by -4,000 from May and was down -71,000, or 0.2%, from a year earlier. Median monthly pay growth eased to 4.3% […]
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Intraday bias in GBP/USD remains neutral and outlook is unchanged. Some consolidations could be seen below 1.3557, but further rally is expected as long as 1.3339 support holds. Above 1.3557 will target 1.3657 first. Firm Read more…
USD/CHF is still bounded in consolidations below 0.8150. Intraday bias stays neutral at this point. Further rally is in favor as long as 0.8029 support holds. Above 0.8150 will target 100% projection 0.7603 to 0.8041 Read more…
Immediate focus is now on 38.2% retracement of 0.7277 to 0.6864 at 0.7022. Decisive break there will suggest that fall from 0.7277 has completed and 0.6864, and target 61.8% retracement at 0.7119 next. Nevertheless, rejection Read more…