By Andrew M Spencer — Aug 03 - 12:00 AM
+0.2% near the top of a 1.2137-1.2185 range with moderate interest
Asian markets firm, E-mini S&P +0.2%, UST yields and the USD eased
Modest risk on as China response to Taiwan mostly verbal so far nL1N2ZE2LI
NIESR warns millions will join breadline in recession-hit UK nL8N2ZE5SL
Charts - daily momentum studies conflict - 5, 10 & 21 DMAs base or rise
21 day Bollinger bands expand - on balance the bias remains higher
1.2320, 61.8% of the May-July fall is initial significant resistance
Close below 1.2121 10 day moving average needed to end topside bias
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Source:
Refinitiv IFR Research/Market Commentary