GBPUSD SHORT - following improvement in US Jobless Claims
Technical: On the 4 hour A
GBPUSD
chart, a widespread bearish candled formed. This was followed by a second, much wider spread candle, both of which were validated by increasing volume.
Fundamental: Initial jobless claims were released in the US at 10:30UTC+10 with a result of 236K down from 238K in April and better than forecasted 245K. All in all a positive result. In the UK, BOE held rates steady today, lowering 2017 growth forecasts.
Relational: US Bond yields up across the board suggesting a flow into FX and equities.
GBPUSD
chart, a widespread bearish candled formed. This was followed by a second, much wider spread candle, both of which were validated by increasing volume. Fundamental: Initial jobless claims were released in the US at 10:30UTC+10 with a result of 236K down from 238K in April and better than forecasted 245K. All in all a positive result. In the UK, BOE held rates steady today, lowering 2017 growth forecasts.
Relational: US Bond yields up across the board suggesting a flow into FX and equities.