Markets Today’s ECB policy statement very much resembled the one from March, especially when it comes to future monetary policy. From a market point of view, it resembled it even too much, with both the euro and short-term European yields losing out in a first reaction as they (and we) anticipated more urgency when it […]
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Daily Pivots: (S1) 182.16; (P) 182.69; (R1) 183.51; More… EUR/JPY edged lower to 181.85 but quickly recovered. Intraday bias stays neutral first. On the downside, below 181.85 will target 180.78 support. Decisive break there will Read more…
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Daily Pivots: (S1) 0.8621; (P) 0.8636; (R1) 0.8653; More… EUR/GBP is staying in consolidations above 0.8615 and intraday bias remains neutral. Further decline is expected as long as 55 D EMA (now at 0.8691) holds. Read more…