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In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US inflation for July, due on Wednesday. We will […]

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12/06/2024

Market Analysis: EUR/USD Dives While USD/JPY Continues To Rise

EUR/USD gained bearish momentum below the 1.0810 support. USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0810 support zone. There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD […]
27/08/2024

EUR/GBP Outlook: Steep Bear-Leg May Take A Breather Above Daily Cloud Base Support

EURGBP cracked Fibo support at 0.8439 (76.4% of 0.8382/0.8624 rally) and pressuring strong support at 0.8424 (base of thick daily cloud) in extension of five-day steep bear-leg off 0.8544 (Aug 21 lower top). Technical picture on daily chart remains firmly bearish (strong negative momentum / multiple MA’s bear crosses), but oversold conditions and long tails […]
01/08/2024

GBP/USD Eyes Rebound: Can It Regain Strength?

Key Highlights GBP/USD declined steadily before the bulls appeared at 1.2800. It cleared a connecting bearish trend line with resistance at 1.2840 on the 4-hour chart. Gold started a fresh increase and surpassed the $2,400 resistance. EUR/USD remained stable above the 1.0800 pivot zone. GBP/USD Technical Analysis The British Pound started a downside correction from […]