By Andrew M Spencer — Oct 29 - 11:05 PM
Trades off 0.1% near the base of an occasionally busy 1.2108-1.2135 D3 range
USD is little changed despite firmer USD yields in Asia, 10yr +2bp 4.868%
Fall in UK jobs postings shows the labour market is cooling - Adzuna
Data supports the market expectation that the BoE will keep rates on hold
Charts; 5, 10 & 21-day moving averages edge lower, neutral momentum studies
21-day Bollinger bands slip - modest downside bias but the range dominates
Choppy consolidation in the October 1.2038-1.2337 broad range set to extend
1.2105 New York low and 1.2135 Asian high are initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary