By Andrew M Spencer — Nov 28 - 10:15 PM
+0.3% with USD lower, =USD -0.15%, E-mini S&P +0.15%, AsiaxJP stocks +1.3%
Sterling close to the top of a 1.1956-1.1994 range, with moderate D3 flow
BoE Governor Bailey to testify before the Lords Economic Affairs Committee
Bailey's tone key for Dec 15 rate decision, BOEWATCH +50bp to 3.5% at 83.66%
Techs, daily momentum studies conflict, 5, 10 & 21 day moving averages climb
21 day Bollinger bands rise - remains a positive trending setup
Uptrend targets a test of resistance at 1.2291, the well tested August high
1.1954 10 DMA is initial significant support and a base in Asia
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Source:
Refinitiv IFR Research/Market Commentary