The Traderszone Network

Currently 0.8541 after an early dip to 0.8529
0.8565 then larger interest at 0.8580 provide the resistance. Bids into 0.8520 then more at 0.8500
UK Q2 GDP 2nd reading at 08.30 GMT the data risk event.

OPEC Secretary General Mohammad Sanusi Barkindo speaking to Al-Hayat
– an approach of no action does not allow reaching a just price for all parties
– “nothing is impossible in the present conditions” with regard to an oil output freeze
Barkindo, the former Nigerian oil min has been  replacing el-Badri who served from 2007.

Time to get your Yellen plans in place.
Fingers on the button for Jackson Hole trading, not to mention more GDP revisions from the UK and US. Will the US GDP number change some minds over the next Fed hike before we drive into Jackson Hole?

Currently 1.3228 on the rise as EURGBP gets an early slap lower
Still ranging though as we wait on Yellen.
UK Q2 GDP 2nd reading at 08.30 GMT the data risk event.

Softer tones again as European equity markets officially get under way 26 Aug
– FTSE -0.1%
– DAX -0.1%
– CAC40 -0.2%
– FTMIB +0.2% being the odd one out
In China the SCI closes up +0.1% on the day but down 1.2% on the week.. CS1300 Index down -0.1% and down -1.75% for the week.