GBP/USD- Broken upward channel- What now
Focus: the resistance at 1.6297 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.6085 zone.
US and European Futures are trading lower; as investors gauge Italian vote, ECB and US shut down
Shutdown is a name calling game By looking at the gains which were made in the European and the US markets yesterday, it would seem that investors have made peace with the idea that the US government shutdown is a name-calling game. But, the devil is always in the details, and if this shutdown…