1. syamfx2020

    DAILY MARKET REPORT - Thursday, June 03, 2021

    Markets are likely to remain volatile for the next two days. Gold reverses early gains ahead of US ADP data. GBPUSD rebounded after the release of services PMI. Technical analysis: EUR/GBP and Gold. Read more here -
  2. syamfx2020

    DAILY MARKET REPORT - Monday, May 24, 2021

    The EUR/USD rebounded back to above 1.22 on Monday. The currency pair closed below 1.22 on Friday following the mixed comments from ECB President Christine Lagarde. Lagarde said It is too early for the European Central Bank to discuss winding down its €1.85 trillion Pandemic Emergency Purchase...
  3. syamfx2020

    EURGBP time for a short term pullback?

    The pair plunged to a fresh year low of 0.8640. If the price won't break below 0.8600 we may see a pullback to 0.8690 then 0.8720. On the other side break below 0.8630, the next level to watch 0.8600/0.8580.
  4. bigbax699

    EURGBP Short

    Well well well. A look back at EURGBP and i have been saying for a long time this is going down. Initially from the 0.9 area and also since xmas too. Weve been in this small wedge and its ended with a break out below the support area . This gives us a simple rule set for a nice entry for a...
  5. Jarratt Davis

    RBNZ Financial Stability Report | Current Sentiment

    During the early Asian session, the RBNZ released their biannual Financial Stability Report. In it, the Bank expressed continued concerns over Auckland’s rising housing market and also low dairy prices. Current Sentiment: No new macro-prudential measures were introduced to help curb New...
  6. C

    Do You Prefer the Euro or the Pound?

    Today, Thursday 25 July, we get the UK GDP Quarterly and the yearly numbers. It is expected the GDP grew in the last quarter at 0.6% up from the previous estimate of 0.3%. For the yearly comparison, the estimate is up 1.4%, an improvement from the previous increase of 0.3%. If these...
  7. C

    Will the Recession Blight Spread to England Next?

    GBPUSD, EURGBP. This past week it was confirmed that the EU – with two consecutive negative quarterly GDP numbers – officially slipped into a recession. With the Brits' biggest trading block contracting, can the UK economy be far behind? Had it not been for the London Summer Olympics, which...