BoC cuts overnight rate by 25bps to 4.50% as widely expected. The Governing Council is carefully assessing the “opposing forces” on inflation, where excess supply is lowering inflationary pressures, but shelter and some services are holding inflation up. Future monetary policy decisions will be guided by incoming inflation and the assessment on the inflation outlook. […]
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Daily Pivots: (S1) 0.9352; (P) 0.9391; (R1) 0.9416; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. For now, the favored case is that rise from 0.9209 low is not finished yet. Break Read more…
Daily Pivots: (S1) 192.94; (P) 194.28; (R1) 195.23; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 Read more…
Daily Pivots: (S1) 162.08; (P) 162.83; (R1) 163.37; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. On the upside, break of 163.47 resistance will resume the rebound from 154.40 to 61.8% retracement Read more…