Eco Data 2/27/25 – Action Forex

Global flash PMI readings dominated market headlines early in the day, before the spotlight shifted to the ECB monetary policy decision. Cautious optimism for progress in EU-US trade talks also contributed to a bit of risk-taking, although U.S. stock indices closed mixed after key earnings releases. Here are headlines you may have missed in the…

GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger up trend to 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will confirm…

The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year. Moving forward, the Greenback is expected to remain at the centre of the debate ahead of the release of key data that could shape the Fed’s rate path in the upcoming months….

EURGBP has been one of the most fascinating currency pairs in the forex market for years. After a minor bounce in July, the pair broke lower again and is now approaching the March 2022 lows. Consequently, we expect the downside to continue for several weeks toward our projected targets. So, when and where should traders…