FXEM - EMPIRE MARKETS - Company New Article

Technical Outlook:

The British pound is moving in an upward range, supported by a weaker dollar and markets awaiting important economic data. Continued trading above 1.2950 could push the pair towards 1.2985–1.3000 as potential stopping points before further upward movement. A break below 1.2920 could lead to a correction towards 1.2890–1.2865, levels that could slow the decline.

Influencing Factors:

• Markets are awaiting US inflation data and their impact on the Federal Reserve's decisions.
• US bond movements, which affect risk appetite.
• Any developments in UK economic data could provide additional signals for the pair's movements.

General Trend: Upward as long as trading remains above 1.2920.

Technical Outlook:

The euro is moving within a stable range with an upward bias, facing 1.0900-1.0925 as levels that could temporarily hinder progress, while continued positive momentum could push it towards 1.0950. On the other hand, any break of 1.0860 could open the door to a correction towards 1.0835-1.0810.

Influencing Factors:

Markets are awaiting US inflation data and their impact on Federal Reserve policy.
European Central Bank interest rate expectations, which could affect investor appetite for the euro.
The dollar's movements and US bond yields are key factors in determining the direction.

General Trend: Positive above 1.0860, with a chance of a rise towards 1.0925.