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The US dollar is bouncing off its intraday lows after generally strong economic data this morning. With traders already pricing in an 80% chance of a 50bps rate hike from the BOE in August, much of...
Bearish: We are currently @ 1.2624 in a flag pattern that is bearish.. IF we can break support here, we are looking for a continuation to the ATR Target (NYSE:TGT) @ 1.2545 with the overall target...
We’ve heard from various central banks over the past two weeks and the takeaways remain the same: wait for more data to give further insight into the development of the economy and determine...
AUDJPY should have support at 9490/9470. Longs need stops below 9455.Targets: 9530, 9560, 9590. EURJPY We can try longs again at 155.30/10 with stops below 154.80. Targets: 155.90, 156.30, 156.70. Buy...
Bearish: We are currently @ 1.9024 after putting in a double top. IF we can break Slope support here, we are looking for a continuation to the S3 @ 1.8953 with the overall target today the...
UK posts better-than-expected retail sales, consumer confidence British pound shrugs after BoE’s sharp rate hike US to release ISM Services PMI later on Friday The British pound has edged lower...
The Bank of England raised its key rate by 50bp to 5.00% - a sharper move than analysts who had made their forecasts earlier in the week had expected. However, it's a logical move, given that the...
BoE expected to raise rates at Wednesday’s meeting Powell signals two more rate hikes this year The British pound is calm on Thursday. In the European session, GBP/USD is trading at 1.2786, up...
UK consumer inflation is in no hurry to recede. Fresh estimates for May showed prices up by 0.7%, following even stronger rises in the previous three months. Overall, the CPI rose by 4.2% between...
Overview: The UK surprised with higher-than-expected consumer inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged higher. Sterling has been sold on the news and is the...
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