admin
Euro Pound Bottoming? Watch for a Reversal As we look at EUR/GBP, the currency pair is showing early signs of bottoming out, with the euro looking more likely to gain ground against the pound. The macro backdrop suggests we could be entering a phase where the euro strengthens, particularly if the market receives the right … Read more
EURGBP Could rally on an ECB Rate Hold: UK CPI Miss Fuels Momentum The market response to a potential ECB rate hold is worth considering, particularly in the EURGBP pair, where we are seeing upside momentum gain traction. The backdrop of this week’s weaker-than-expected UK CPI print has further intensified expectations for a near-term shift … Read more
UK CPI Miss Triggers Pound Sell-Off, BoE Rate Cuts Likely The latest UK inflation data has taken the market by surprise, delivering a notable miss. The headline inflation rate fell to 1.7% in September 2024, down from 2.2% in August, marking the lowest reading since April 2021. Core inflation also moderated significantly, down to 3.2% … Read more
UK Inflation Data Tomorrow: Euro Pound Buyers To Step In? The UK jobs data released today paints a mixed picture, highlighting the complex dynamics in the labor market. On the surface, the drop in the unemployment rate to 4.0% in August might signal strength. However, according to ING, deeper analysis reveals a cooling jobs market, … Read more
Euro/Pound: Awaiting a Catalyst as UK CPI and ECB Loom The Euro/Pound has been trading in a narrow range recently, but this could soon change as two major events unfold this week: the UK’s Consumer Price Index (CPI) report on Wednesday and the European Central Bank’s (ECB) meeting on Thursday. These events are expected to … Read more
How Oil Prices Are Fueling Inflation Today! Analyzing the recent UK GDP data and what lies ahead for the pound, it’s evident that the British economy is grappling with a delicate balance. The economy expanded 0.2% month-on-month in August, after a stagnant July and June, aligning with market expectations. However, the year-on-year growth of 1% … Read more
The Falling Wedge Pattern: Your Ticket to Nailing Those Bullish Reversals What’s a Falling Wedge Pattern? Picture this: you’re staring at a chart, and the price of an asset is heading south. But hold on—this isn’t your average, chaotic downward spiral. No, this is a well-behaved, disciplined decline boxed neatly between two converging lines. Congrats, … Read more
Fib Spiral: Unlocking the Secrets of This Powerful Trading Tool Getting Started with Fib Spiral Trading When it comes to technical analysis, the fib spiral is a lesser-known but powerful tool that can help traders identify potential market turning points. Rooted in the principles of the Fibonacci sequence, the fib spiral—short for Fibonacci spiral—offers a … Read more
Diamond Pattern Trading: Unlocking the Power of a Unique Chart Formation Getting Started with Diamond Pattern Trading Have you ever been deep into analyzing a chart, trying to make sense of where the market is heading next, and then you spot something unusual? The price starts to form a pattern that looks almost like a … Read more
The Descending Channel Pattern: Your Guide to Mastering This Chart Pattern What’s a Descending Channel? Imagine you’re examining a chart and notice the price of an asset is consistently moving downwards, but in an organized manner. This movement is framed by two parallel lines sloping downwards. That’s your descending channel. These lines create a path … Read more
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Submit your partnership request to: Support@financialsource.co