The Pound Sterling faces selling pressure as the soft inflation outlook prompts BoE rate cut prospects.
Weak UK Retail Sales also contribute to a softer...
Mon: BoC SLOS, Indian CPI (Jan), Export/Imports (Jan), Holiday: China (New Year), Hong Kong, TokyoTue: OPEC MOMR, Swedish Unemployment (Jan), UK Unemployment/Wages (Dec), Swiss...
MON: German Ifo (Dec), New Zealand Trade Balance (Nov).TUE: BoJ & NBH Policy Announcements, RBA Minutes (Dec); EZ HICP Final
(Nov), Canadian CPI (Nov), Japanese...
The bias is bullish as the USD depreciates versus its rivals.
Taking out the 150% line activates more gains ahead.
Only a bearish pattern could signal...