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Forex Flash: Brent Crude can see downside ahead this week - Nomura

Nomura Strategist Saeed Amen has taken a look at brent Crude from a purely technical perspective.

He begins by noting that spot is lower on the week and he is maintaining his bearish view. He writes, “RSI continues to fall, indicating that momentum is still downward. (Also) we have also closed below the lower Bollinger band several times.” He feels that with bandwidth expanding, it suggests that it is still in a downward breakout and his target is 107 where the daily 200 MA lies.

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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Forex: GBP/USD entrenched in negative territory at 1.5026/29

The GBP/USD continues to be buried in negative territory, despite a recent upside attempt that was stonewalled at the 1.5050 level. Earlier UK data has roiled the pair, which now settles at 1.5026/29, down -0.91%.
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