There are a raft of potentially market-moving UK data releases next week, inclusive of Tuesday's September inflation figures, Wednesday's unemployment statistics, and Thursday's retail sales. Minutes from this month's BoE MPC meeting will also be published next week, on Wednesday.
Asian Central Banks were touted as early Europe sellers of cable ahead of 1.8635(Monday's low). This offering interest helped cap the break through 1.8628 (today's Asian session peak). 1.8600 marks the subsequent pullback low.
Sub-1.8600 support points include 1.8582 (today's Asian session base), 1.8560 (a supra-national entity was seen on the bid below 1.8560 yesterday), 1.8537 (yesterday's low), 1.8517 (Wednesday's 11-week floor), and 1.8500. An exotic option barrier reportedly resides at 1.8500. The barrier is believed to be the base of a large Double No Touch, which is tipped to expire on Monday.
US September retail sales will be disclosed at 12:30GMT, alongside import prices. October's Michigan Sentiment index, and August biz inventories, ensue into 14:00GMT. Retail sales forecast: +0.2% m/m.
No comments:
Post a Comment