Asian indices dropped near 2013 lows after the World Bank cut its global growth forecast to 2.2 percent, less than a January forecast of 2.4 percent. The U.S dollar fell further against the Yen amid uncertainty over the Federal Reserve’s policy outlook. The U.S monthly core retail sales and weekly unemployment claims are the main data events for today.
Trade Idea
GBP/USD
Crucial resistance lies at 1.5755. A 4h break above that level could lead price to 1.5840 . Alternatively, a break below 1.5585 targets 1.5500.
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Disclaimer • Risk Warning
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