Daily Pivots: (S1) 0.8539; (P) 0.8549; (R1) 0.8562; More… Intraday bias in EUR/GBP remains neutral and some more consolidations would be seen above 0.8529 temporary low. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
Key insights from the week that was. On Budget 2024-25, our bulletin and conversation with Chief Economist Luci Ellis provides a full view of the Government’s fiscal position and economic plan to 2028. In terms Read more…
In an interview with Nikkei, ECB Executive Board member Isabel Schnabel indicated that a rate cut in June “may be appropriate” based on current data. However, she noted that another cut in July “does not Read more…
China’s economic data for April revealed a mixed picture, with industrial production rising by 6.7% yoy, surpassing the expected 4.6%. However, fixed asset investment for the year to date grew by 4.2% yoy, falling short Read more…