BoC is widely expected to stand pat today, and keep the benchmark overnight rate unchanged at 4.50%. Governor Tiff Macklem has explicitly indicated that in inflation comes down as predicted, there is no need to raise interest rates further. But of course, he’s prepared to act if that doesn’t happen as expected. For now, markets […]
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Daily Pivots: (S1) 188.59; (P) 188.92; (R1) 189.33; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Risk will remain on the downside as long as 190.06 resistance holds. Below 184.35 will target Read more…
Daily Pivots: (S1) 161.70; (P) 161.95; (R1) 162.21; More… Range trading continues in EUR/JPY and intraday bias stays neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 Read more…
Daily Pivots: (S1) 0.8558; (P) 0.8570; (R1) 0.8583; More… Intraday bias in EUR/GBP stays neutral as consolidation from 0.8737 is still extending. Further rise is expected as long as 0.8518 support holds. On the upside, Read more…