Тhere always seems to be someone offering a fundamental explanation for the way the markets behave. These recent rallies in Eurusd and Gbpusd though would challenge even the staunchest fundamentalist. I feel quite fortunate in that I do not need to try and make sense of it all; the charts are my only guide. I do consider it important to have an awareness of fundamental issues, so I am not

Cable has remained consolidated to the upside of 1.5900 over the past few hours of trading, following its return from a 2-month high above 1.5950. The pair currently is testing support at the barrier however, dipping momentarily below but holding off any deep slide so far.