The Bank of England used its monetary policy report hearing to once more push back against market expectations on rate cuts next year. A lot of the comments echoed similar sentiments expressed recently by the central bank regarding the job not being done, risks being to the upside for various reasons, and the need to […]
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What a week it has been – and it is not over! It started with renewed Middle East tensions, sending oil prices up to $115pb, then tensions eased and markets breathed a sigh of relief Read more…
Daily Pivots: (S1) 212.27; (P) 212.70; (R1) 213.11; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Further decline is expected as long as 214.21 holds. Below 210.43 will target 209.58 support first. Read more…
Daily Pivots: (S1) 183.58; (P) 183.92; (R1) 184.33; More… Intraday bias in EUR/JPY remains neutral for the moment. Risk will stay on the downside as long as 185.02 resistance holds. Break of 182.01 will resume Read more…