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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.