EUR/GBP Retreats on Dovish ECB Comments About Eurozone Economy
EUR/GBP has reversed from above 0.87 as the Euro resumes decline on softer economic indicators and dovish ECB comments Full Article
EUR/USD Maintaining Downtrend As Ifo Business Climate Remains Weak
EUR/USD should break below 1.06 this week with the business climate and inflation softening further in September Full Article
GBP/USD Below 1.23 After BOE Holds Rated Steady
GBP/USD extends the decline after the BOE decided to hold interest rates at 5.25%, against expectations of a 25 bps hike Full Article
GBP/USD to Move Toward 1.20 As Inflation Keeps Softening
GBP/USD sticking to last week's lows despite a small jump in consumer inflation in August, indicating that the price will head toward 1.20 Full Article
EUR/USD Gets A Boost Ahead of the Final CPI Numbers for August
Yesterday we saw a retrace higher in EUR/USD but MAs will likely keep it down after the inflation report from the Eurozone is released Full Article
The BOE Expected to Follow the ECB with A Dovish Hike
The Bank of England is expected to deliver the last rate hike of 25 bps, but they will likely soften their rhetoric for the future policy Full Article
The Ultimate Test at the 200 Daily SMA for GBP/USD, After Breaking 1.2450
GBP/USD broke below the 1.2450 support and resistance level last week, but it is facing the 200 daily SMA now Full Article
Risk Sentiment Improves, Stock Markets Up on Soft Landing Scenario
Commodity dollars and other risk assets closed a bullish week as markets grow increasingly convinced that the US economy will avoid recessio Full Article
Euro Dives on ECB Ending the Hiking Cycle
EUR/USD falls below 1.07 as ECB statement suggests that they are done with raising interest rates any further Full Article
The Picture Is Not Looking Pretty for the Euro and the ECB Won’t Likely Help
The Euro remains bearish in the larger charts and even if the ECB hikes rates today the larger bearish trend will prevail in the end Full Article
The Bearish Case Getting Stronger for GBP/USD
GBP/USD has been declining for two months and both fundamentals and technicals are indicating further downside momentum Full Article
EUR/USD to Extend Downtrend As ZEW Sentiment Weakens Further
EUR/USD claimed back some of the losses yesterday as the USD retreated, but the ZEW indicator is indicating deteriorating economic condition Full Article
GBP/USD to Break Below Major Support/Resistance Level at 1.2450
The economic data has been weighing on the GBP and this week's employment and GDP figures won't likely change the trend Full Article
EUR/USD Closes the Week at the Lows, As We Await the ECB Decision Next Week
EUR/USD closed close to 1.07 losing nearly 100 pips this week, as the sentiment remains bearish ahead of the ECB meeting on Thursday Full Article
We Continue to Sell Retraces in EUR/GBP
EUR/GBP started reversing at the 200 SMA yesterday which stands at around 0.86 and we opened another sell forex signal here Full Article