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EUR/GBP at 0.8810 targets May highs as Eurozone data is released and BoE makes a decision

EUR/GBP is trading above 0.8800 as central bank policies diverge. With ECB easing and BoE tightening, traders might consider options for potential volatility ahead of key meetings. – vtmarketsmy.com

HSBC Composite PMI for India rises to 60.4, up from 59.9

India’s PMI rises to 60.4, signaling private sector expansion. Gold surges past $4,000 amid dollar weakness. Market volatility reigns with risks from US events, creating strategic trading opportunities. – vtmarketsmy.com

HSBC Services PMI for India recorded 58.9, exceeding the expected 58.8

India’s services sector thrives with a strong PMI, while gold skyrockets above $4,000 amid a weak US dollar. Caution prevails in markets due to foreign investor pullbacks, signaling potential volatility ahead. – vtmarketsmy.com

The GBP/JPY pair stays steady around 201.00, unable to break past Wednesday’s one-month low.

The GBP/JPY pair hovers around 201.00 as traders anticipate the Bank of England’s policy update. A dovish BoE may weaken the Pound, creating selling opportunities amid economic concerns. – vtmarketsmy.com

EUR/JPY pair shows slight gains above 177.00 as the Yen weakens

The EUR/JPY is strengthening above 177.00 as Eurozone data supports a bullish outlook. Traders can capitalize on potential gains with call options while monitoring key support at 175.70. – vtmarketsmy.com

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