GBP/USD: Break above 1.36 to clear the way towards the 1.3910 mark – SocGen

GBP/USD has bounced back to return to 1.35. Economists at Société Générale notes that the cable could rise as high as 1.3910 on a breach of the 1.3600 hurdle.

Next hurdle at 1.3600

“GBP/USD bounce has persisted since last week and the pair is heading towards daily Kijun line at 1.3600.”

“If the 1.3600 level is reclaimed, the rebound is expected to extend towards 200-DMA near 1.3850/1.3910.”

Nov 19, 2021

S&P 500 Index to grind higher towards the 4780 level – SocGen

S&P 500 up move has developed a brief pause after reaching the upper band of an ascending channel near 4720 (now at 4750). As the index stays above th

Germany’ Spahn: We are in a national emergency

German Health Minister Jens Spahn expressed his concerns over the covid resurgence, citing that “we are in a national emergency.” Additional quotes Va