The Ifo Institute upgraded its growth forecasts for German economy, indicating that it is “slowly working its way out of the crisis.” GDP is now expected to grow by 0.4% in 2024, up from March forecast of 0.2%. Growth is projected to further accelerate to 1.5% in 2025, maintaining the previous forecast. Inflation is expected […]
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Daily Pivots: (S1) 189.48; (P) 190.05; (R1) 190.75; More… A temporary low is formed at 189.31 with current recovery. Intraday bias in GBP/JPY is turned neutral first. Some consolidations would be seen but risk will Read more…
Daily Pivots: (S1) 159.82; (P) 160.42; (R1) 161.12; More… Intraday bias in EUR/JPY remains neutral for the moment. Recovery from 159.74 might extend, but further decline will remain in favor as long as 162.88 resistance Read more…
Daily Pivots: (S1) 0.8417; (P) 0.8436; (R1) 0.8458; More… EUR/GBP’s rally from 0.8221 picks up momentum again. With break of 0.8446 resistance, next target is 0.8624 key cluster resistance zone. For now, outlook will remain Read more…