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Forex in 60 Seconds - Biggest Jump In UK Retail Sales In History Good For A GBPUSD Rally But Not Breakout

Thursday, 19 June 2008 21:27:16 GMT

Written by John Kicklighter, Currency Analyst


 ·          Why can a record UK retail sales jump test major GBPUSD technicals but not force a breakout?
 ·          Canadian CPI leads to the fourth-consecutive daily rally, will the top market moving retail sales report continue the trend?

Stories to watch on DailyFX

·          Speculative retail traders are grown comfortable with ranges, which way will the majors head when direction is f?
·          Will the Fed be the first major central bank to take action on its hawkish rhetoric?

Send any comments or questions to jkicklighter@dailyfx.com.

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