Consolidates below the 1.0700 mark, eyes on Eurozone GDP data

Share: EUR/USD consolidates in a narrow trading range near 1.0685 on Monday. The pair holds above the 50- and 100-hour EMAs; the RSI indicator shows a non-directional movement. The immediate resistance level is seen at 1.0718; 1.0655 acts as an initial support level. The EUR/USD pair oscillates within a narrow trading range below

Sterling Eases Ahead of UK GDP Report

GBP/USD, EUR/GBP Analysis Cable struggles to build momentum ahead of UK GDP report EUR/GBP threatens to breakout but faces stern level of resistance UK GDP anticipated to reveal subdued growth in Q3 The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education

IMF raises China’s 2023 and 2024 growth forecasts

Share: In its latest report published on Tuesday, the International Monetary Fund (IMF) upgraded its gross domestic product (GDP) growth forecasts for China to 5.4% in 2023 and 4.6% in 2024. This came in contrast with October’s outlook when the IMF revised down 2023 and 2024 China’s growth forecasts for China to 5.0%

Cable Encounters Resistance Ahead of Q3 GDP Print

GBP/USD News and Analysis Markets turn dovish on rates after Powell’s dot plot comments Bank of England maintains hawkish posture but worrying growth, employment data could test its resolve sooner than expected GBP/USD buoyed by dollar decline – meets immediate resistance via 200 SMA The analysis in this article makes use of chart patterns and

Week Ahead: highlights include China trade and inflation, RBA, UK GDP

MON: FOMC SLOOS, BoJ Minutes (Sep), BoC Market Participants Survey; Japanese Jibun Final Composite/Services PMIs (Oct), German Industrial Orders (Sep), EZ Final Construction/Services PMIs (Oct), UK Final Construction PMI (Oct), US Employment Trends (Oct). TUE: RBA Policy Announcement, EIA STEO; Chinese Trade Balance (Oct), EZ Producer Prices (Sep), US International Trade (Sep), Canadian Trade Balance