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Oct 22 - 09:55 PM

GBP/USD - USD And Risk Appetite To Lead In Asia

By Content Admin  —  Oct 22 - 08:15 PM
  • Steady after closing up 0.2% with the U.S. dollar a touch softer

  • Moody's lifts UK's outlook to 'stable' as policy predictability returns

  • There is no UK data today, but Tuesday will be busy with employment and PMI

  • Markets think rates will be stable on Nov 2, BOEWATCH prices 5.25% at 86.71%

  • Charts; 5, 10 & 21-day moving averages ease, momentum studies conflict

  • 21-day Bollinger bands contract- mixed signals suggest further consolidation

  • Neutral setup leaves the October 1.2337 high as the first major resistance

  • 1.2038, the October and current trend low remains the initial key support

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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