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Forex Flash: Technically, GBP/USD looks bearish ahead - Nomura

Nomura Strategist Saeed Amen has taken a look at GBP/USD from a purely technical perspective.

He writes, “Spot is lower, (and) we flip to a bearish view.” He sees that bandwidth is still rising, suggesting the downward breakout is not finished. Furthermore, he comments that with the RSI still heavily in oversold, momentum is on the downside. He believes that key to confirming this will be a close above 1.5100, which looks likely. His target for the move is 1.4950 where the lower Bollinger band sits.

Forex Flash: Strong Swedish PMI numbers has given SEK a bid - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that a strong PMI showing from Sweden (50.9 vs. 49.2) has given SEK a bit of a bid.
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Forex Flash: No new developments in Italy so far - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that so far today there have not been any new developments in Italy and 10 year yields remain below Tuesday´s peak, but still a lot higher than they were a week ago.
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