German ECB Governing Council member Joachim Nagel indicated over the weekend that the central bank is likely entering a pause phase after last week’s eighth rate cut in the current easing cycle, which brought the deposit rate to 2.00%. Speaking on Deutschlandfunk radio, Nagel also noted that the current level of interest rates offers “maximum […]
The post ECB’s Nagel signals Pause, cites maximum flexibility at current rates appeared first on Action Forex.
Daily Pivots: (S1) 195.00; (P) 195.59; (R1) 196.53; More… Intraday bias in GBP/JPY Remains neutral first. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume whole rally Read more…
Daily Pivots: (S1) 164.33; (P) 164.81; (R1) 165.51; More… Intraday bias in EUR/JPY stays on the upside at this point. Decisive break of 165.19 will resume whole rally from 154.77 to 166.67 resistance, and possibly Read more…
Daily Pivots: (S1) 0.8414; (P) 0.8428; (R1) 0.8440; More… Intraday bias in EUR/GBP remains neutral at this point. On the upside, above 0.8448 will bring stronger rebound to 38.2% retracement of 0.8737 to 0.8354 at Read more…