Daily Pivots: (S1) 1.0571; (P) 1.0588; (R1) 1.0610; More… EUR/USD recovers further today but stays below 1.0639. Intraday bias remains neutral and outlook stays bearish. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 turn bias to the upside […]
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BoC Governor Tiff Macklem delivered a clear warning that the Bank of Canada is becoming increasingly uncomfortable with the inflation risks created by the Middle East conflict. While policymakers are still willing to “look through” Read more…
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Chicago Fed President Austan Goolsbee said the Iran conflict is increasingly behaving as an inflationary shock rather than a stagflationary one, a distinction that carries important implications for monetary policy. Speaking after attending the Milken Read more…