Background Monday's GBPUSD upside failure was not extended yesterday. Overall, Tuesday was the fifth day in a row that saw prices consolidate after last Tuesday's powerful rise. Until last week's peak is broken our signals for sentiment cannot be strongly positive but the limited nature of profit-taking and the support of the 200-day line does…

Trimmed mean inflation, the RBA's preferred CPI measure sits just 0.1% beneath their 2% target to further remove any concerns over easing in the coming months, even if employment does turn lower. Inflation data exceeded expectations today, which saw the trimmed mean CPI rise to 1.9%, up from 1.6% previously. This will be a delight…

The buy signal we highlighted for global risk worked out well and we now see stocks pushing to new highs and outflows of the Yen. We see the potential for this underlying theme to continue which could provide bullish opportunities on JPY crosses and indices through multiple timeframes.

Published on 25.04.2017 19:41 The British pound is slightly higher in today’s trading against its US counterpart after positive local data increased appetite for the currency. At 3.53pm (GMT) the pound was trading at $1.2817 up from $1.2795 in yesterday’s trading. Data out earlier today showed Britain's public sector borrowing fell to the lowest level…