BoC raises overnight rate by 50bps to 1.00% as widely expected. The Bank Rate and deposit rate are increased to 1.25% and 1.00% respectively. Additionally, BoC announced to end the asset reinvestment phase and starts quantitative tightening, effect April 25. BoC also maintains tightening bias, and said, “with the economy moving into excess demand and […]
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Daily Pivots: (S1) 1.1373; (P) 1.1452; (R1) 1.1494; More…. Intraday bias in EUR/USD stays on the downside as fall from 1.2081 is in progress. Deeper decline should be seen to 38.2% retracement of 1.0176 to Read more…
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