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The Pound pare overnight gains on the Govie open

FOREX
  • The Pound continues to give overnight gains since the EU cash Govies open, back to flat against the Dollar, and at session low vs the EUR.
  • The Kiwi is still the best performer following the CPI beat last night, up 1.19%, and eyeing a test back above 0.5700, with resistance seen towards 0.5735 initially.
  • Market participants keep a close eye on the USDJPY, after it tested another milestone, the 149 handle, with most looking at 150.00 as the next key area.
  • Next resistance comes at 149.22 3.382 proj of the Aug 2 - 8 - 11 price swing.

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