Daily Pivots: (S1) 1.3604; (P) 1.3638; (R1) 1.3680; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.3140 is in progress and should target a retest on 1.3787 high. Decisive break there will resume larger up trend to 1.4004 projection level. On the downside, below 1.3582 minor support will turn […]
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Eurozone producer price inflation accelerated sharply in March, with PPI rising 3.4% mom and 2.1% yoy, exceeding expectations of 3.3% mom and 1.8% yoy. The increase was driven overwhelmingly by energy costs, highlighting the growing Read more…
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran, reducing demand for the USD Read more…
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