EURGBP fell yesterday drawing a bearish candle with a long shadow on the top candle. Price formed a high of 0.84470 and a low of 0.84226.
There is a gap in today's candlestick change where the open price at 0.84186 is lower than the previous closing price.
Yesterday the Claimant Count Change data which measures people claiming unemployment showed the actual data at 23.7k, much lower than the expected 95.5k and the previous revision of 102.3k.
The actual data which is lower than the forecast is theoretically good for the GBP currency, and it seems that the stable German Final GDP data is not able to encourage the strengthening of the Euro.
Today, there is news related to the GBP currency that is expected to trigger volatility. The main focus is on GDP with a forecast of 0.2% higher than the previous data revision of 0.0%.
Apart from GDP news, there are also Construction output, goods trade balance, index of services, industrial production and manufacturing production.
View attachment 7462
There is a gap in today's candlestick change where the open price at 0.84186 is lower than the previous closing price.
Yesterday the Claimant Count Change data which measures people claiming unemployment showed the actual data at 23.7k, much lower than the expected 95.5k and the previous revision of 102.3k.
The actual data which is lower than the forecast is theoretically good for the GBP currency, and it seems that the stable German Final GDP data is not able to encourage the strengthening of the Euro.
Today, there is news related to the GBP currency that is expected to trigger volatility. The main focus is on GDP with a forecast of 0.2% higher than the previous data revision of 0.0%.
Apart from GDP news, there are also Construction output, goods trade balance, index of services, industrial production and manufacturing production.
View attachment 7462
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