By Andrew M Spencer — Apr 16 - 11:50 PM
+0.1% in a quiet 1.2426-1.2440 range on D3 with the USD off 0.1%
Risk appetite based in Asia - E-mini S&P +0.2%, Brent oil -0.55%
BoE's Bailey is optimistic inflation is falling - CPI will be key
See the chart below for Reuters polls on the UK's inflation data
Charts; 5, 10 & 21 day moving averages fall with the 21-day Bollinger bands
Daily momentum studies slip - daily charts show a strong bearish trend
Move targets 1.2369, 0.618% Oct-March rise then the 1.2045 Oct 23 base
1.2471 London top and Monday's 1.2498 high are initial resistances
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary