The UK economy shrank for the second straight month in April after services, construction and production contributed negatively for the first time in more than a year, the Office for National Statistics said on Monday. Gross domestic product fell unexpectedly by 0.3 percent on month, faster than the 0.1 percent drop in March. more...
The Euro is struggling to rise despite an increasingly hawkish European Central Bank as competition gets stiff between its major peers. Where to for EUR/USD with the Fed’s turn next? Daily price is located far below 200 SMA on breaking the breaking the bearish triangle pattern to below for 1.0348 possible bearish target. Conclusion: strong bearish trend to be continuing or the secondary ...
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