FX

Daily technical and trading outlook – GBP/USD GBP/USD – 1.3639.. Cable remained under pressure y’day n fell fm 1.3758 (AUS) to 1.3713 in Asia. Intra-day decline accelerated in Europe due on usd’s rally together with cross-selling in sterling, price tumbled to 1.3631 in NY. On the bigger picture, despite cable’s brief break of 2016 post-Brexit
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WTI portrays a corrective pullback from May’s low. Bearish MACD, sustained breaks of the key supports keep sellers hopeful. 200-DMA can challenge bears below May’s bottom, bulls remain cautious below $66.90. WTI snaps six-day downtrend to consolidate recent losses around $63.83, up 0.30% intraday, during Friday’s Asian session. In doing so, the energy benchmark bounces
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USD/CHF edges higher during the two-day uptrend towards weekly high. Downbeat momentum, key SMA hurdle challenges the further upside. 61.8% Fibonacci retracement offers strong support, bulls may aim for 0.9200 during further advances. USD/CHF remains on the front foot, recently easy around 0.9150 during Wednesday’s Asian session. The Swiss currency pair bounced off the 61.8%
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GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and  impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the
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