ECB Executive Board member Fabio Panetta said in a speech, “at present, the direction of monetary policy is clear”. And, a “further policy adjustment is warranted in order to keep inflation expectations anchored and stave Read more…
ECB Governing Council member Martins Kazaks said, “it’s clear that interest rates will need to rise much higher to bring inflation down to the target of 2% over medium term.” “There’s no need to pause Read more…
Swiss CPI rose 0.1% mom in October, below expectation of 0.2% mom. Core CPI (excluding fresh and seasonal products, energy and fuel) was flat at 0.0% mom. Domestic products prices dropped -0.1% mom. Imported products Read more…
According to the current chart, it can be assumed that the GBPJPY pair forms a global corrective trend taking the form of a double zigzag. On the 1H timeframe, the final part of this trend Read more…
Equities turned south after the Fed sees a pause in tightening as premature. The FTSE reversed its course at a former support (7200) on the daily chart. The recent rally could use some breathing room Read more…
Gold softened after the US dollar regained strength post-FOMC. After the price gave up all the gains from its rally in early October, the latest rebound met stiff selling pressure near the support-turned-resistance 1670. A Read more…
The US dollar recovered after the Fed cautioned that rates could go higher than expectations. The rally has come to a halt in May 2020’s consolidation area. A combination of profit-taking and fresh selling has Read more…
Daily Pivots: (S1) 167.75; (P) 169.05; (R1) 169.78; More… No change in GBP/JPY’s outlook and intraday bias remains neutral for consolidation below 172.11. Downside of retreat should be contained above 164.95 support to bring another Read more…
Daily Pivots: (S1) 144.63; (P) 145.60; (R1) 146.17; More…. EUR/JPY is staying in consolidation from 148.38 and intraday bias remains neutral at this point. In case of deeper fall, downside should be contained 140.88/144.06 support Read more…
Daily Pivots: (S1) 0.8591; (P) 0.8611; (R1) 0.8636; More… Intraday bias in EUR/GBP is turned neutral first but further decline is expected with 0.8779 resistance intact. Break of 0.8570 will resume the fall from 0.9267 Read more…