By Andrew M Spencer — Nov 05 - 06:50 PM
Steady in Asia after closing up 0.65% with the U.S. dollar off 0.45%
Upbeat offshore sentiment cools in early Asia, awaiting US election news
UK services PMI, like most sectors, lost steam in the lead-up to the budget
Gilt yields jumped, 10yr +8bp 4.53% high since Oct - volatile post-budget
Charts - positive daily momentum studies, 21-day Bollinger bands contract
Neutral5, 10 & 21-day moving averages - signals show little bias
1.2844 October low, then the 1.2665 August base are initial supports
Last week's 1.3043 high then 1.3103Oct 15 top are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary