EURUSD holds above 20-day SMA but bias turns neutral Bulls still have a chance as field of support levels lies beneath But double-top formation hard to ignore EURUSD has retreated from last week’s 14-month high of 1.1213, erasing the short-term bullish bias. But the pair is so far managing to hold above the 20-day simple […]
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ECB Governing Council member Olli Rehn suggested today that slowing inflation and weaker growth prospects in Eurozone has provided “more grounds” for another rate cut at the October meeting. Additionally, Rehn pointed to the “prevailing Read more…
Eurozone CPI fell from 2.2% yoy to 1.8% yoy in September, below ECB’s 2% target for the first time since 2021. CPI core (ex-energy, food, alcohol & tobacco), ticked down from 2.8% yoy to 2.7% Read more…
UK manufacturing sector expanded at a slower pace in September, with the PMI finalizing at 51.5, down from 52.5 in August. According to Rob Dobson, Director at S&P Global Market Intelligence, the sector continues to Read more…