Robbie Jeo

GBP/USD Cable edged higher after UK GDP data came not as bad as expected (March -5.8% vs -8% f/c / Q1 -2% vs -2.5% f/c) but remains within daily cloud, which was eventually penetrated on Tuesday after two unsuccessful attempts. Cloud is narrowing and twists on Thursday, but top reverted to resistan

Initial claims at 2.5 million will be the lowest in two months. Continuing claims to rise 2.4 million to 25.1 million. Claims filings will total 36 million in eight weeks. Business closures and social restrictions are still prevalent in many states. Claims will not have market impact unless subs

April CPI has confirmed the enormous impact of the economic closures on consumption and prices, Joseph Trevisani, an analyst at FXStreet, reports. Key quotes “Core CPI which does not include food and energy prices dropped 0.4% in April, reported the Bureau of Labor Statistics, the largest one mont

For central banks, hope for precision fades amid pandemic uncertaintyFILE PHOTO: The U.S. Capitol dome is pictured ahead of a vote on the additional funding for the coronavirus stimulus economic relief plan, amid the coronavirus disease (COVID-19) outbreak in WashingtonBy Howard Schneider and Leika

USD/CHF edged higher on Wednesday and recovered further from one-week lows. The uptick lacked any strong bullish conviction amid a subdued USD price action. Cautious mood benefitted the safe-haven CHF and contributed towards capping. The USD/CHF pair traded with a mild positive bias through the

Analysts at Credit Suisse continue to look for an eventual break of key price support at 1.2248 to confirm a ‘double top’ on the cable. Key quotes “A broader topping process is underway and with an RSI momentum top already in place we continue to look for an eventual clear and closing break below

DAILY MARKET OUTLOOK on Major Update Time: 13 May 2020 09:30GMT USD/JPY - 107.04 Despite dollar's resumption of upmove from last Wednesday's 7-week low at 105.99 to 107.76 on Monday, subsequent weakness suggests temporary top has been made and mild downside bias would be seen, however, reckon 106.