EURGBP Analysis
EURGBP rebound from the support area and its standing now at the retest area of the minor descending channel in the 4-hour timeframe chart and the higher low area of the Ascending channel in the 1-hour timeframe chart.
After the confirmation of uptrend movement EURGBP Buy signal given.
EURGBP reached the take profit traget successfully
EURO: German IFO Business climate report
EURUSD moved higher from last week lows to a Lower high level of 1.17500 last day.
And US Jobless claims and US GDP data scheduled today. Along with Jackson, hole symposium meet by FED Powell are going to happen.
EURUSD may suffer gains or losses based on taper tantrum speech by FED Powell.
And US Inflation rate goes beyond the curve line of 2.35% to 2.50%. This is the difference between US Treasury yields and the Equivalent tenor of Treasury inflation-protected security.
Eurozone has weaker domestic data as German IFO climate came with underperformance reading yesterday as 99.4 printed versus 100.4 expected.
UK POUND: Vaccination of 2nd dose started
UK Pound moderately higher punch from lows and UK Vaccination program is Full process for 16+ aged peoples.
Now, 1st Dose was completed for 77% and 12% of people Completed for 2nd Dose.
Delta variant cases touched 36K as this week’s data, and UK schools were re-opening from September.
237k cases were brought down to 36K cases in the UK, which is a huge success for the UK Government.
And Now, controlling cases is the main view, and in the coming weeks, cases may be higher or lower depending on the Vaccination process in London.
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