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Technical blow in 4hr USD/HUF chart

The set-back taking place in USD/HUF has resulted in a crossover of the 50-period below the 200-SMA.

Under this signature, the 4hr technical picture for USD/HUF remains fragile. However, the risks for a short-squeeze rally also exist, which may commence upon a decisive daily close above today's open. In this scenario, a degree of supply could materialize with a price reaction to the pivotal level charted through the crossover.

Solid UK employment data and light positioning should boost GBP – BNP Paribas

Research Team at BNP Paribas, suggest that the ongoing improvement in the UK’s labour market should support a rebound in GBP strength given current rates markets pricing (the first BoE rate hike is priced for Q4 2016).
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GBP/USD: Fails once again near 1.5380

The GBP/USD pair failed another attempt towards 1.54 handle and retraced slightly as the GBP bulls are seen gathering pace in a bid to pierce through 1.54 barrier at one go.
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