By Andrew M Spencer — Oct 24 - 11:15 PM
Off 0.1% in a very tight quiet 1.2967-1.2974 range on LSEG FX Matching
Asia quiet amid the weekend Japanese, and upcoming US election uncertainty
Consumers are nervous ahead of next week's UK budget and potential tax hikes
UK Fin Min Reeves to change the debt definition at the October 30th budget
Without UK data or BoE events - US durable goods and consumer sentiment lead
Charts - mixed daily momentum studies as 21-day Bollinger bands contract
5, 10 & 21-day moving averages fall - signals retain the downside bias
1.2900 0.382% Oct-Sep rise held, the 1.2736 0.5% is the next support
Wednesday's 1.2995 high then this week's 1.3058 top are the first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary