Daily Pivots: (S1) 0.8328; (P) 0.8346; (R1) 0.8361; More… EUR/GBP is trying to resume near term decline, but downside momentum is unconvincing. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Current down trend should target 0.8276 key long term support. On the upside, above 0.8417 minor resistance will turn bias […]
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I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
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