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Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line

Share: Market sentiment remains sour on China debt woes, geopolitical fears. S&P500 Futures lick its wounds at the lowest level in a month during five-day downtrend. Treasury bond yields approach yearly tops marked earlier in August. Fears emanating from China’s Country Garden, Zhongrong Trust propel debt woes. The risk appetite remains downbeat during