By Andrew M Spencer — Oct 26 - 11:10 PM
+0.1% at the top of a 1.2126-1.2139 range as risk appetite returns in Asia
E-mini S&P +0.55%, E-mini Nasdaq +0.8%, Nikkei +1.55% and AsiaxJP +0.8%
Charts; 5, 10 & 21-day moving averages edge lower, neutral momentum studies
21-day Bollinger bands slip - modest downside bias - range trading dominates
Choppy consolidation in the October 1.2038-1.2337 broad range set to extend
1.2070 Thursday low and Wednesday's 1.2175 high initial support, resistance
Nov 2 BoE rate decision, BOEWATCH prices 91.95% chance of no change at 5.25%
Focus will be on the BoE's comments and updated quarterly forecasts
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary