The EUR/GBP currency pair is showing signs of increased bearish momentum as it breaks through the critical support zone between 0.8395 and 0.8415. This range had previously acted as a significant consolidation area for over two months, providing a solid floor for the pair. However, as of Friday, the pair is decisively challenging the 200-day […]
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Overall Market Context (Important for all traders): Before diving into the specifics of this chart, remember that forex trading is heavily influenced by macroeconomic factors. News releases, central bank policies (especially the Federal Reserve for USD and the European Central Bank for EUR), and global events can cause significant volatility and trend changes. Always be […]
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#Markets #Economy #Inflation #USD/CAD #GBP/USD UK labor market data was released today. On the positive side, unemployment rose from 3.7% to 3.8% and the change in jobless claims in March was at pre-pandemic levels. But at the same time the average number of people employed over the last three months has risen. Most importantly, average […]
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#Forex #Markets #EUR/USD #Trading #Technicaloutlook The fire in the banking sector has spread to Europe. While serious problems are observed with the bank Credit Suisse, which, by the way, denies everything. But investors are not reassured by this. Following Credit Suisse, the decline began in other stocks of European banks. Exactly 10 years ago, banks […]
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#Forex #Trading #USD/JPY #CPI #Economy #PMI CPI data in Tokyo was published today. According to the results of the month, the core CPI increased by 0.3%, but dropped to 3.3% in annual terms from 4.3%. The broad CPI dropped to 3.4% from 4.4% in annual terms. This is not bad and provides support for JPY. […]
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#Forex #Trading #EURUSD #Markets My fears about a further decline in the EURUSD pair, which I described on Friday, were confirmed. The price could not overcome the level of 1.0550 – 1.0590, and the breakdown that happened on Friday turned out to be false. Following the results of trading on Monday, the price returned again […]
read moreBy: Tina Lebed
#forex #GBP/USD #forex trading #economicevents Key economic events: Monday (October 17, 21:45 GMT): New Zealand Consumer Price Index for the quarter. Forecasts for Q3 CPI data are down from last quarter. to 1.5% versus 1.7%, respectively. At the same time, inflation expectations are also down from 7.3% to 6.6%. Whether members of the Reserve Bank […]
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