Market brief Insight: GBP EUR AUD & Crosses

Patience is bitter but its fruit is sweet!

Market patience has been tested time & again; as prices have been in both directions since the European majors have decided to consolidate in the levels of range bound trading. With the initial decline in the Asian/ European trading sessions have earlier triggered a soft rally for CABLE in particular.

Although, some have claimed to be not convinced of the initial move since it has been more of an anticipation of good numbers that would be coming from UK improving economic outlook. The USD Index (DXY)'s decline to as low as 79.55 have only provided a slight push for both Euroepan majors. The recent pullbacks on prices is but a normal session correction as momentum and volume build-up would be contained nearest to the coming reports from an expected busy volatile week ahead. Somehow Wall-streeters as compared to  main-street as we'd like to term it; has been shrugging geo-political uncertainty and brushing it on the side contrary to the new Russian sanctions imposed  today.

Market brief Insight: GBP EUR AUD & Crosses