The ECB kept policy rates unchanged at the October meeting, with the deposit rate at 2.50%, in line with consensus and market pricing. We expect a 25bp hike to 2.75% in December, which Lagarde clearly signalled during the press conference. However, the press release had a greater dovish focus on the lack of second-round effects […]
The post ECB Review: A No-Hike Decision appeared first on ActionForex.
The Bank of Japan kept its policy rate unchanged at 1.25% by an 8–1 vote, with board member Hajime Takata dissenting in favour of an increase to 1.50%. Takata argued that underlying CPI inflation had Read more…
The short-term Elliott Wave outlook for GBPUSD suggests that the decline from the August 21 high is unfolding as a zigzag corrective structure. The initial leg lower, labeled wave A, completed at 1.314, as shown Read more…
Key Highlights USD/JPY started another increase toward the key resistance at 159.00. It cleared a bearish trend line with resistance at 157.85 on the 4-hour chart. Gold could struggle to extend gains above the $4,120 Read more…