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4 Feb 2020

GBP/USD still targets the 1.3280 zone – Commerzbank

Despite the recent correction, Cable is still targeting the 1.3280 area, suggested Karen Jones, Team Head FICC Technical Analysis at Commerzbank.

Key Quotes

“GBP/USD saw a strong recovery last week from just ahead of its 1.2945 uptrend but yesterday reversed those gains. While the uptrend holds, it maintains scope for a deeper recovery to the 1.3285 Fibonacci retracement. This is considered to be the last defence for the December high at 1.3515.”

“The market is currently underpinned by the 1.2945 uptrend and the December low at 1.2908.”

Feb 4, 2020

EUR/USD: Strong resistance seen at 1.1180 – UOB

FX Strategists at UOB Group noted that occasional bullish attempts in EUR/USD should meet a tough barrier in the 1.1180 region. Key Quotes 24-hour vie
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Feb 4, 2020

Hong Kong SAR Retail Sales below forecasts (-17.5%) in December: Actual (-19.4%)

Hong Kong SAR Retail Sales below forecasts (-17.5%) in December: Actual (-19.4%)
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