follows: “Perhaps a complex offer by the central bank to buy and sell at stated prices gilt-edged bonds of all maturities, in place of the single bank rate for short-term bills, is the most important practical improvement which can be made in the technique of monetary management.
DXY achieved lows at 105.36 Vs last week reported price at 105.31. Next week 105.05 is required to travel lower while low 107.00's becomes overbought for DXY. GBP/USD last week minimal target at 1.2298 traded this week to 1.2288. Deeply oversold GBP/USD targets next week a 1.2277 and a mininal target. GBP/NZD achieved target at 2.0792 and traded lows to 2.0737 for a few extra pips. Next week shorts at low 2.0900's targets 2.0854 then 2.0796. EUR/NZD target at 1.7965 traded to lows at 1.