ECB Governing Council member Gediminas Simkus said today, “In my view, if there’s no new staggering data, current restrictive levels are sufficient,” to steer inflation back to target. Highlighting the bank’s current approach, Simkus clarified, “There is and there was no need to raise rates at this point.” But, “Will we need this in the […]
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GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will Read more…
USD/CHF’s decline from 0.8041 resumed last week. Initial bias stays on the downside this week. Firm break of 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758 will target 100% projection at 0.7656. On Read more…
AUD/USD edged higher to 0.7277 last week as up trend continued, but retreated since then. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.7101 support holds. Above 0.7277 Read more…