Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 08 - 01:55 AM

GBP/USD - Soft On USD Strength As Treasury Yields Extend Gains

By Andrew M Spencer  —  Jan 07 - 10:11 PM
  • -0.1% - USD shorts book profits as UST yields rise - 10yr +2bp to 1.100%

  • Traded in a 1.3540-1.3572 range with steady flow ahead of U.S. payrolls

  • UK job market strengthened in Dec for first time in 3 months nL8N2JI4PJ

  • Optimism sweeps UK boardrooms but slow recovery ahead: Deloitte nL8N2JI3N9

  • Jobs, confidence to take a hit on the current COVID-19 spread and lockdowns

  • Charts; negative momentum studies, 10 & 21 daily weekly & monthly MAs rise

  • Net positive setup - 1.3677, 76.4% 2018-2020 fall key resistance on close

  • Close below 1.3503 21 DMA, a base last week, would end topside bias

For more click on FXBUZ



gbp 2 jan 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!