GBP/USD to Break out of Narrow Range in the NY Session

The 1H chart of the GBP/USD shows the market in a tight range to start the week. After finding support at 1.6150, the market also found resistance near 1.6220. The near-term pivot above that is the 1.6240-1.6250 area. The market should start picking up in the NY session for a breakout

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Narrow Range for Government Yields on New Commodity Sales

Sliding crude oil prices and a turn in the euphoric tide lifting equities prompted a mid-morning lift for government debt prices midweek. Yields subsequently remain close to the recent floor even after commodity buyers plundered offers after the worst performance in three years forcing a rebound not only in inflation-bearing

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