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The EURGBP pair, representing the exchange rate between the Euro and the British Pound, encapsulates the economic dynamics of the Eurozone and the United Kingdom. The Euro is influenced by economic growth, inflation, and the monetary policies of the European Central Bank, primarily driven by major economies like Germany and France. On the other hand, […]

The post Instrument of the Week (June 17—21): EURGBP Overview appeared first on Action Forex.

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Euro Steadies After Market Jitters Subside

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Dollar Took a Breather But Shows Resilience Despite More Constructive Risk Sentiment

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21/08/2024

Yen Heads for a New Round of Growth

Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without any deterioration in sentiment in the equity and bond markets. EURJPY plunged from a peak […]
27/01/2024

Weekly Economic & Financial Commentary: Almost Everything Coming Up Roses

Summary United States: Almost Everything Coming Up Roses Data released this week garnered further optimism that the economy can power through the Federal Reserve’s efforts to corral inflation—an endeavor the Fed could increasingly be construed as achieving. Economic activity ended the year on better footing than expected, and inflation continued its deceleration. Next week: Construction […]
07/03/2024

Dollar Index (DXY) Should Continue Lower

Short Term cycle in Dollar Index (DXY) shows an incomplete bearish sequence from 2.14.2024 high favoring further downside. Down from 2.14.2024 high, wave 1 ended at 103.43 as an impulsive structure. Wave ((i)) ended at 104.18 and wave ((ii)) ended at 104.67. Wave ((iii)) lower ended at 103.79 and rally in wave ((iv)) ended at […]