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Aug 07 - 08:55 PM

GBP/USD - Softer As The Strong U.S. Dollar Weighs

By Andrew M Spencer  —  Aug 07 - 07:50 PM

  • -0.1% early after closing down 0.7% as the USD surged with UST yields

  • Surging U.S. jobs and hawkish weekend Fed comments to sustain USD strength

  • Liz Truss ready to speed up tax cut plan if elected, Telegraph nL1N2ZI0IG

  • Lizz Truss is hot favourite to be next PM - oddschecker - bet 11 to win 12

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

  • 21 day Bollinger bands rise - dip leaves sterling showing neutral signals

  • NY pre U.S. payrolls 1.2148 high is initial significant resistance

  • 1.2004 NY low and 1.1963 61.8% July August bounce initial supports

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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