Forecast of EURUSD The price of the EURUSD increased generally on the daily time frame chart for the price adjustment, and last Friday this trading asset even crossed the 50 EMA line. On Monday of this week, however, the EURUSD completed the price...
The Euro (EUR) faces renewed selling pressure after the latest Eurozone ZEW Economic Sentiment survey came in significantly weaker than expected, dropping to 12.5 from the prior 20.1 forecast of 20.5. This decline reflects a growing divide between...
USD/JPY currently enjoys a strong bullish technical configuration, with the pivot at 154.59 acting as a vital support level that underpins the pair’s upward momentum. The RSI is firmly above 50, indicating that buying pressure remains robust and...
The British Pound (GBP) remains under pressure against its major counterparts on Friday, despite reduced expectations for aggressive rate cuts by the Bank of England (BoE). The decline follows the UK Labour government's Autumn Forecast Statement,...
### **1. ECB Policy and Weak Eurozone Economic Growth** The ECB has lowered the benchmark interest rate by 25 basis points to 2.75%, which is approaching the neutral range of 1.75% to 2.5%. This decision was driven by stagnant economic growth in...
