Barclays(US:BCS) Jin Tou Wang·2025-08-18 05:48Group 1 - The core viewpoint of the articles indicates that the Eurozone unexpectedly achieved a 0.1% economic growth in Q2, leading Barclays to raise its 2023 growth forecast from 0.8% to 1.1% [1] - The improved economic performance is reshaping the monetary policy outlook, with economists suggesting that the European Central Bank (ECB) may maintain the 2% benchmark interest rate unchanged in the upcoming September meeting [1] - The ECB is expected to have more time to observe economic conditions before making further rate hikes, as the resilience of economic growth provides a buffer against immediate policy changes [1] Group 2 - The Euro to USD exchange rate maintains a bullish bias in the short term, with initial support at 1.1590 and stronger support levels at 1.1530 and 1.1460 [2] - A key resistance level is identified at 1.1735, which has previously capped the exchange rate in July and August; a breakthrough above this level would signal the end of the corrective trend since early July [2] - If the resistance is effectively breached, the subsequent targets for the Euro to USD exchange rate would be the highs of 1.1789 from July 24 and 1.1830 from July 1 [2]