eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• GBP/USD unchanged in Asia after closing 0.15$ higher on Monday
• Traders cautious ahead of Tue US midterm elections and Thu BoE rate decision
• US tech sector concerns continue to weigh on investor confidence, cap GBP
• Sharply lower oil prices offset subdued risk sentiment; US crude -7.4% Mon
• Middle East peace efforts watched after US strike on Iran's Qeshm Island
• Daily close above 1.3426,200-DMA, targets Fibo resistances @ 1.3469, 1.3548
• Support 1.3370,1.3330,1.3300-10; Fri range 1.3470-1.3533, Asia
1.3378-1.3397
GBP:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)