Morning Market Overview
It’s a quieter day ahead on the European economic data, following Tuesday’s data dump. The German economy is back in focus, with retail sales for April due out. The Markets will be looking for a further pickup in spending to support the economic outlook. From the U.S there are no material stats to provide direction later in the day. The lack of stats will likely leave the European majors in the hands of the central […]
Looking for the Technical perspective for the day
EUR/USD EUR/USD remains sidelines around 1.2215 during the initial hours of Wednesday’s Asian session. The Eurozone CPI flash estimate data released yesterday indicated an increase in Annual inflation. Also, the Eurozone Unemployment Rate data released has indicated a slight decrease in the jobless rate. The next support zone will be at 1.21500 and the next resistance zone is at 1.23200, look for buying opportunities for the pair.GBP/USD If we see the pair, it recently broke […]