BoE policymaker Catherine Mann cautioned in a speech today that monetary policy must remain restrictive despite signs of weak consumption, arguing that high inflation has scarred UK consumers and continues to suppress spending. “If the Read more…
The GBP/USD pair attempted to stabilise on Thursday, trading around 1.3413 USD. However, investor sentiment remains cautious amid a weak outlook for the UK economy and uncertainty surrounding the government’s November budget. UK GDP growth Read more…
The euro has resumed its decline amid political uncertainty in France, while the pound remains under pressure, following the broader weakness in European currencies. On Monday, the euro fell to its lowest level in more Read more…
Key takeaways The Japanese yen has weakened sharply, losing 3.7% against the USD as markets priced in pro-stimulus expectations from new LDP leader Sanae Takaichi, fuelling the “Takaichi Trade.” Despite short-term JPY weakness, Japan’s consumer Read more…
Markets Caretaking French PM Lecornu reported back to president Macron that there are still possibilities for a compromise in parliament. He warned though that it would still be a difficult path ahead and immediately added Read more…
Daily Pivots: (S1) 203.84; (P) 204.58; (R1) 205.42; More… GBP/JPY’s rally from 197.47 is in progress and intraday bias stays on the upside for 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. On Read more…
Daily Pivots: (S1) 177.03; (P) 177.44; (R1) 177.99; More… EUR/JPY’s up trend is in progress and intraday bias stays on the upside. Further rise should be seen to 61.8% projection of 161.06 to 173.87 from Read more…
Daily Pivots: (S1) 0.8660; (P) 0.8672; (R1) 0.8689; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive break Read more…
Daily Pivots: (S1) 1.7612; (P) 1.7667; (R1) 1.7703; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593 will bring deeper Read more…
Daily Pivots: (S1) 0.9306; (P) 0.9317; (R1) 0.9337; More… Intraday bias in EUR/CHF is turned neutral with current recovery and some consolidations could be see. Risk will stay on the downside as long as 0.9371 Read more…