Outlook improving on Sterling – Hantec Markets
Oct 19, 2016, 11:50 AM
In this segment, Richard Perry, Market Analyst at Hantec Markets presents major market forecasts – GBP/USD, EUR/USD, Oil & S&P correlation. He is joined by Mike Ingram, Strategist at BGC Partners and Tip TV’s Zak Mir.
Key points
GBP/USD – Further gains seen above key resistance of 1.2330, intraday indicators are looking good. Potential for a move to 1.2480-1.2530
EUR/USD – 1.0950 is a key level. Break below 61.8% Fibo could yield a move to 1.08.
Oil & S&P 500 - correlation has weakened as earnings take centerstage