Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing upside surprises within the detail. Indeed, goods prices – which constitute the bulk of the new information at this point […]
EURGBP stands at the back foot on Monday and retraces more of Thursday’s jump, signaling that near-term correction (off 0.8260 low) might be over. Larger downtrend remains intact, with firmly bearish daily studies (MA’s in full bearish configuration, 14-d momentum moved into negative territory since late Nov) maintaining downside pressure. Immediate targets lay at 0.8267/60 […]
The post EURGBP – Larger Bears Hold Grip and Eye Key 0.8200 Support Zone appeared first on Action Forex.
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