empty
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

21.12.202309:06 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on December 21

As soon as Bank of England representatives expressed their unwillingness to lower interest rates due to high inflation, the pace of consumer price growth slowed from 4.6% to 3.9%. Pound reacted to this by rushing down, especially since many expected the Bank of England to be the last to embark on monetary policy easing. The decline in pound also brought euro down, but the latter only demonstrated extremely modest declines.

The upcoming data on US jobless claims will not have a significant impact on market sentiment as changes may be purely symbolic. For example, the number of initial claims may increase by only 7,000, while the number of continuing claims may decrease by 1,000. GDP data for the third quarter may also be ignored since it will just confirm previous estimates.

Exchange Rates 21.12.2023 analysis

The volume of short positions in EUR/USD fell around 1.1000, leading to a rebound from the resistance level. If pressure continues, the pair may decrease to 1.0900. But if the price stabilizes above 1.1000, the trend may shift upward.

Exchange Rates 21.12.2023 analysis

The correction in GBP/USD continues. Short positions may surge around the level of 1.2600, but until then, the pair could move to 1.2700.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.