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19 Aug 2020

GBP/USD to move towards the 1.33 level – OCBC

The GBP/USD pair extends its sideways consolidative price action and remains confined in a range around mid-1.3200s. Terence Wu, an FX strategist at OCBC Bank, expects the next target for the GBP/USD at 1.3300.

Key quotes

“Brexit talks have restarted, but still with little prospect of a significant breakthrough. However, that did little to impede the GBP/USD, as a weak USD floats all boats.” 

“Having breached the 1.3140 resistance, expect the buoyant posture to persist.” 

“1.3300 should implicitly attract, with support near 1.3180/00.”

 

Aug 19, 2020

Copper to see a significant swing higher – Credit Suisse

Copper (LME) looks to be completing a bull “flag” to suggest it is set for a fresh and potentially swing higher, which will be reinforced on a break a
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Aug 19, 2020

USD/CNH now looks to 6.8850 – UOB

FX Strategists at UOB Group now suggested that USD/CNH has now shifted its focus to the 6.8850 level. Key Quotes 24-hour view: “Yesterday, we held the
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