Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2729; More… GBP/USD recovers notably today but stays below 1.2817 resistance. Intraday bias remains neutral at this point. On the downside, firm break of 1.2618, and sustained trading below 1.2678 resistance turned support will argue that it’s already in a larger correction. Deeper decline would then be seen […]
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Germany’s GfK Consumer Sentiment Index fell sharply for December, dropping from -18.4 to -23.3, far below expectations of -18.8. This marks the lowest level since May 2024 (-24.0) and reflects a significant deterioration in household Read more…
ECB Executive Board member Isabel Schnabel stressed the importance of a cautious approach to monetary easing, warning against shifting policy into “accommodative territory.” Speaking to Bloomberg, Schnabel stated that ECB could “gradually move toward neutral” Read more…
GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index’s performance will heavily influence GBP/USD’s Read more…