Bundesbank: German economy prepares for post-pandemic growth and price recovery
Bundesbank: German economy prepares for post-pandemic growth and price recovery It now expects the German financial system to attain pre-pandemic tiers as quickly as the subsequent quarter, developing with the aid of using 3.7% this yr, 5.2% subsequent yr, and 1.7% in 2023. “The German economy is overcoming the pandemic-related crisis,” said Bundesbank President
Read moreTECHNICAL MARKET ANALYSIS
TECHNICAL MARKET ANALYSIS 11th JUNE EUR/USD EUR/USD pair is modestly up, currently trading in the 1.2190 price zone. The pair recently bounced off the support zone of 1.21500. Day 1 of the G7 meetings will be held today. And day 2 and day 3 will be held on the weekend. The next support zone is
Read moreTechnical Market update
Technical Market update EUR/USD EUR/USD stays pressured around the key level of 1.2180-75 amid the early Asian session on Thursday. The pair refreshed weekly top the previous day before reversing from 1.2218. Recently the pair failed to break the key level of 1.22. The ECB will be announcing its monetary policy decision later in 1945
Read moreTechnical update 9th June
Technical update 9th June EUR/USD Currently, the pair is moving towards the support zone of 1.21500 and the next resistance is at 1.23200. The Eurozone and German ZEW economic sentiments data released yesterday indicated a decline in the level from the surveyed investors. Look for buying opportunities of EUR/USD if it bounces up from
Read moreTechnical Market Update 8th June
Technical Market Update 8th June EUR/USD The pair is sloping nearby to the support line around 1.2165, The upward closing off the trend line from May which was close to 1.2115 also challenges the EUR/USD sellers before directing them to the support near 1.2095. The bearish trend below 1.2095 will make the pair vulnerable
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