EUR/GBP: Update
In this moment, we're in profit in Euro/Sterling Pound, what I HOLD 31 pips in profit. So, we continue ahead with this trade.
Now, we see a potential bought signals by fundamental news that come from Germany.
Fundamental Analysis:
1) Germany's economic council less pessimistic than government on looming recession-source
2) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns.
3) Inflation is expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession.
4) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multibillion-euro relief packages it has agreed to fight the energy crisis.
5)British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term.
What I thinking it's that we see that German government want to raise taxes on the wealthy to help finance the multibillion euro relief packages to despite the energy supply concerns. Now, the inflation it's that worry me as consumer's purchasing power are lead to increase price in the way in the next year 2023, taking in note a possible looming recession. Also, we see that UK businesses has the fear a gloomy Christmas, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term, what that mean it's that Britain's people are not spending what the inflation soar the cost of living in UK.
This fundamental analysis mean that Euro seem optimistic than Sterling Pound what I consider that Germany it's making a government plan to support the create a multi-billion relief packages for consumers and finance it by raise taxes on the wealthy in this nation.
So guys, as we still bullish and profit in EUR/GBP. I don't believe to short as we can to reach my objective fix in this trade.
Good luck!!!
Now, we see a potential bought signals by fundamental news that come from Germany.
Fundamental Analysis:
1) Germany's economic council less pessimistic than government on looming recession-source
2) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns.
3) Inflation is expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession.
4) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multibillion-euro relief packages it has agreed to fight the energy crisis.
5)British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term.
What I thinking it's that we see that German government want to raise taxes on the wealthy to help finance the multibillion euro relief packages to despite the energy supply concerns. Now, the inflation it's that worry me as consumer's purchasing power are lead to increase price in the way in the next year 2023, taking in note a possible looming recession. Also, we see that UK businesses has the fear a gloomy Christmas, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term, what that mean it's that Britain's people are not spending what the inflation soar the cost of living in UK.
This fundamental analysis mean that Euro seem optimistic than Sterling Pound what I consider that Germany it's making a government plan to support the create a multi-billion relief packages for consumers and finance it by raise taxes on the wealthy in this nation.
So guys, as we still bullish and profit in EUR/GBP. I don't believe to short as we can to reach my objective fix in this trade.
Good luck!!!
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