Andrew M Spencer

Slipped 0.05% in a tight but active 1.3102-1.3114 range on LSEG FX Matching Asia took the negative U.S. lead, Nikkei -3.3%, capping risk sensitive GBP There is no tier one UK data or BoE events, so the USD and risk lead GBP Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA falls

supports the Bank of England's wary rate cut outlook Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA falls 21-day Bollinger bands contract as momentum studies crest - uptrend holds Friday's 1.3200 top and last week's 1.3269 high are the first resistance A close below 1.3038, 38.2% April/August rise would end the topside bias

to cut rates with inflation resilient Market was not expecting a surprise from the RBA so little impact RBAWATCH priced 22.8 cuts on Dec 10 before the RBA speech - 22.3 after

+0.05% in a 1.3152/62 range with occasional flurries on LSEG FX Matching UK construction PMI leads data, last 54.6 - modest gbp impact at best US ADP jobs, weekly unemployment and ISM services PMI likely drive markets BoE caution on inflation and the dovish Fed stance supports GBP/USD Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips

changed expectations RBAWATCH prices a Dec 10 cut at 13.8bp from 21.27bp at last Friday's close The RBAs stance is contrary to the dovish Fed and ECB - should support AUD Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil Daily momentum studies crest - mixed signals as the uptrend hangs in

Charts; daily momentum studies flat-line, 21-day Bollinger bands contract 5, 10 & 21-day moving averages coil - mixed signals show little bias Well tested 21 DMA proved resilient this week - key technical support A close above the 1.1100 21-DMA suggests the uptrend is back for next week 1.1100 1.415BLN, 1.1125 569mln and 1.1150 1.609BLN close strikes for Sep 6th

After years of UK under-investment, the Starmer gov't faces tough decisions Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips 21-day Bolli bands contract as momentum studies flat line - uptrend holds Last Friday's 1.3200 top and last week's 1.3269 high are first resistance

Thursday should provide underlying AUD support Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil Daily momentum studies crest - mixed signals as the uptrend hangs in Wednesday's 0.6749 high then Tuesday's 0.6792 top are initial resistance Close below the 0.6715 21-DMA and Wednesday's 0.6685 base would be bearish

Steady in an occasionally busy 1.3174-1.3183 range on LSEG FX Matching Mixed markets in Asia ahead of the potentially pivotal US payrolls There is no tier one UK data or BoE events - USD and risk to lead gbp Report says UK needs an extra $1.3 tln investment to

and stocks are mixed in Asia - caution into US jobs Soft US jobs, will spark 50pt Fed cut expectations for September 18th The RBA's hawkish stance should provide a positive environment for the AUD Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil Daily momentum studies crest - mixed signals as the uptrend hangs in