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Jun 21 - 01:55 AM

GBP/USD - Busy As Stocks, UST Yields Fall - USD Key For Cable

By Andrew M Spencer  —  Jun 20 - 11:39 PM

  • Flat in a 1.3800-1.3829 range with plenty of interest

  • Asian stocks fell, with UST yields, 10yr -5bp to 1.398%, Emini S&P -0.6%

  • UK house prices show biggest seasonal rise since 2015 Rightmove nL2N2O109O

  • Move from central London to the leafy suburbs and further continues

  • Charts; daily momentum studies 5, 10 & 21 daily moving averages fall

  • 21 day Bollinger bands expand - signals support a strong downtrend

  • Pace of last weeks 2.5% fall leaves studies oversold, but trend is strong

  • Trend pause possible, as oversold unwinds, and UST yields fall nL2N2O300MFor more click on FXBUZ



gbp 3 jun 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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