My EURGBP Short idea 21/2/2025
EURGBP is bearish on Edgefinder and the fundamental economic data all point out to a bearish momentum for the EURGBP. The pound has been strengthening and a modest amount of volume is present to short this trade.
I am having tight loss on this but optimistic on this trade so far. ECB is looking forward to cut more rates, cautiously though. Meanwhile BOE are taking an easing approach which may strengthen the Pound.
I am having tight loss on this but optimistic on this trade so far. ECB is looking forward to cut more rates, cautiously though. Meanwhile BOE are taking an easing approach which may strengthen the Pound.
Note
"[03:17 ET] Traders add to ECB rate bets, seeing 80bps more easing this year.
[03:15 ET] French Manufacturing PMI Flash Actual 45.5 (Forecast 45.3, Previous 45.0)
Euro Weakened
[02:00 ET] UK Retail Sales MoM Actual 1.7% (Forecast 0.5%, Previous -0.3%)
Pound Strengthened
" - Financial Juice
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.