BoC rate decision is under the spotlight today. There is palpable readiness within the central bank to commence monetary policy easing especially following unexpectedly weak Q1 GDP data. The primary question being is whether it will take action today or defer until the next meeting in July. Currently,most economists anticipate that conditions are now conducive […]
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GBP/JPY rebounded after initial dip to 189.54 last week, but upside is limited below 195.95 resistance. Initial bias stays neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 Read more…
EUR/JPY rebounded after initial dip to 158.09 last week but upside is limited below 163.47 resistance. Initial bias remains neutral this week first. On the upside, break of 163.47 will resume the rebound from 154.40 Read more…
EUR/GBP rebounded strongly after initial dip to 0.8309 last week. But upside was capped by 38.2% retracement of 0.8624 to 0.8309 at 0.8429. Initial bias stays neutral this week and outlook remains bearish. On the Read more…