GBP/USD rallied for a fourth straight week, gaining over a cent. The pair closed the week at 1.6362. This week’s key releases are the PMIs and the BOE’s QE and Official Bank Rate decisions. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
GBP/USD graph with support and re…Continue
EUR/USD advanced for a third week in a row. As we enter the last month of the year, can it reach new highs? The rate decision is the key event of the week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD.
Eurozone Flash CPI exceeded expectations rising 0.9%, following…Continue
EUR/USD continues to point upwards and has edged higher in Friday trading. The pair is trading slightly above the 1.36 line in the European session. Eurozone data was a disappointment, as German Retail Sales declined 0.8% in October. French Consumer Spending also dipped, losing 0.2%. Eurozone CPI Flash Estimate and Unemployment Rate will be released later in the day. US markets will be closing early on Friday, and there…Continue
EUR/USD had an exciting week, taking a dive only to close the week higher. German retail sales, French consumer spending and the Euro-area Unemployment Rate are the main market movers this week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD.Continue