FTSE breaks out on impressive NFP beat

Following the publication of another impressive US jobs report, risk assets have extended their gains with European and US indices rising sharply. In case you haven’t seen the headlines, a good 4.8 million non-farm jobs were added in June with the unemployment rate falling to 11.1% from 13.3%. What’s more, the prior month saw an …

FTSE breaks out on impressive NFP beat Read More »

GBP/USD heading to +1.26?

The Cable continues to show constructive price action as the dollar continues to weaken on reduced haven flows. Similar price action has been observable on the other major pairs with the EUR/USD breaking higher and USD/CAD lower etc. Have a look at this chart of the cable: The GBP/USD has now broken it bearish trend …

GBP/USD heading to +1.26? Read More »