In an interview with the Financial Times, ECB Chief Economist Philip Lane indicated that, barring major surprises, there is sufficient evidence to “remove the top level of restriction” in June, suggesting an initial reduction in the 4.00% deposit rate. He noted that the forthcoming data over the next few months will guide ECB in determining […]
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USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…
Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD is staying in consolidation above 1.0330 and intraday bias remains neutral. Further decline is expected as long as 1.0609 resistance holds. On the downside, sustained Read more…