The USD is marginally higher/mixed The EUR is the strongest and the AUD is the weakest as North American traders enter for the day . The US will release PCE data with Core PCE for June expected at 0.6% (3.7% YoY - highest in 30 years) after a 0.5% gain last month. US stocks are lower
Cable battles back from a potential breakdown
Clears the important double bottom It's like the whole market had to have a peak into the abyss of another painful coronavirus round to understand that it didn't want to go there.