EURGBP FOREX 1H TIME FRAME DATE 7/28/2024
Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 48% bearish, 52% bullish
Daily Sentiment: 81% bearish, 19% bullish
Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP.
Upcoming Economic Events and Trading Recommendations:
Monday, July 29, 2024
10:30 AM ET - UK Mortgage Approvals
Expectation: 63.50 Thousand
Recommendation: Sell EUR/GBP
12:00 PM ET - UK CBI Distributive Trades
Expectation: Retail Sales MoM at 0.40%
Recommendation: Buy EUR/GBP
Tuesday, July 30, 2024
07:30 AM ET - France GDP Growth Rate QoQ (Preliminary)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Mixed Bias
10:00 AM ET - Germany GDP Growth Rate QoQ (Flash)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Sell EUR/GBP
01:00 PM ET - Spain Business Confidence
Expectation: 3.00 points
Recommendation: Buy EUR/GBP
02:00 PM ET - Germany Inflation Rate YoY (Preliminary)
Expectation: 0.30%
Recommendation: Mixed Bias
Wednesday, July 31, 2024
08:45 AM ET - France Inflation Rate MoM
Expectation: -0.60%
Recommendation: Mixed Bias
09:55 AM ET - Germany Unemployment Rate
Expectation: 5.90%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Inflation Rate MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
Thursday, August 01, 2024
08:00 AM ET - UK Nationwide Housing Prices MoM
Expectation: 0.4% increase vs. 0.1% market expectation
Recommendation: Sell EUR/GBP
09:15 AM ET - Spain HCOB Manufacturing PMI
Expectation: 53.30 points
Recommendation: Buy EUR/GBP
09:45 AM ET - Italy HCOB Manufacturing PMI
Expectation: 49.50 points
Recommendation: Buy EUR/GBP
09:50 AM ET - France HCOB Manufacturing PMI Final
Expectation: 48.80 points
Recommendation: Sell EUR/GBP
09:55 AM ET - Germany HCOB Manufacturing PMI Final
Expectation: 49.40 points
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Unemployment Rate
Expectation: 7.20%
Recommendation: Sell EUR/GBP
10:30 AM ET - UK S&P Global Manufacturing PMI Final
Expectation: 51.90 points
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Unemployment Rate
Expectation: 6.90%
Recommendation: Sell EUR/GBP
01:00 PM ET - UK BoE Interest Rate Decision
Expectation: 5.00%
Recommendation: Sell EUR/GBP
Friday, August 02, 2024
08:45 AM ET - France Industrial Production MoM
Expectation: 0.90%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain Unemployment Change
Expectation: 10.00 Thousand
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Industrial Production MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
11:00 AM ET - Italy Retail Sales MoM
Expectation: -0.60%
Recommendation: Buy EUR/GBP
Intraday Sentiment: 48% bearish, 52% bullish
Daily Sentiment: 81% bearish, 19% bullish
Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP.
Upcoming Economic Events and Trading Recommendations:
Monday, July 29, 2024
10:30 AM ET - UK Mortgage Approvals
Expectation: 63.50 Thousand
Recommendation: Sell EUR/GBP
12:00 PM ET - UK CBI Distributive Trades
Expectation: Retail Sales MoM at 0.40%
Recommendation: Buy EUR/GBP
Tuesday, July 30, 2024
07:30 AM ET - France GDP Growth Rate QoQ (Preliminary)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Mixed Bias
10:00 AM ET - Germany GDP Growth Rate QoQ (Flash)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Sell EUR/GBP
01:00 PM ET - Spain Business Confidence
Expectation: 3.00 points
Recommendation: Buy EUR/GBP
02:00 PM ET - Germany Inflation Rate YoY (Preliminary)
Expectation: 0.30%
Recommendation: Mixed Bias
Wednesday, July 31, 2024
08:45 AM ET - France Inflation Rate MoM
Expectation: -0.60%
Recommendation: Mixed Bias
09:55 AM ET - Germany Unemployment Rate
Expectation: 5.90%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Inflation Rate MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
Thursday, August 01, 2024
08:00 AM ET - UK Nationwide Housing Prices MoM
Expectation: 0.4% increase vs. 0.1% market expectation
Recommendation: Sell EUR/GBP
09:15 AM ET - Spain HCOB Manufacturing PMI
Expectation: 53.30 points
Recommendation: Buy EUR/GBP
09:45 AM ET - Italy HCOB Manufacturing PMI
Expectation: 49.50 points
Recommendation: Buy EUR/GBP
09:50 AM ET - France HCOB Manufacturing PMI Final
Expectation: 48.80 points
Recommendation: Sell EUR/GBP
09:55 AM ET - Germany HCOB Manufacturing PMI Final
Expectation: 49.40 points
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Unemployment Rate
Expectation: 7.20%
Recommendation: Sell EUR/GBP
10:30 AM ET - UK S&P Global Manufacturing PMI Final
Expectation: 51.90 points
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Unemployment Rate
Expectation: 6.90%
Recommendation: Sell EUR/GBP
01:00 PM ET - UK BoE Interest Rate Decision
Expectation: 5.00%
Recommendation: Sell EUR/GBP
Friday, August 02, 2024
08:45 AM ET - France Industrial Production MoM
Expectation: 0.90%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain Unemployment Change
Expectation: 10.00 Thousand
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Industrial Production MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
11:00 AM ET - Italy Retail Sales MoM
Expectation: -0.60%
Recommendation: Buy EUR/GBP
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