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EURUSD & FOMC Preview

Forex

<h3>EURUSD, H1</h3> <p>Eurozone Q1 GDP was revised up to -3.6% q/q from the -3.8% q/q reported initially. A modest upward revision that still left the annual rate at -3.1% y/y and doesn’t change the fact that with Q2 GDP certainly going to be worse, <strong>the Eurozone is effectively in recession now</strong>. L

FX Update – June 9 – Sterling rally stalls

Forex

<h3>GBPUSD, H1</h3> <p>The Pound has taken a turn lower, racking up a 0.5% loss to the Dollar and about a 1% decline versus the Yen, while also softening a little against the Euro. The backdrop of sliding stock markets in Europe has weighed on the Pound, which has established a pandemic-era proclivity to underperform its […

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