BoE Governor Andrew Bailey emphasized the need for a “gradual and careful” approach to future interest rate cuts in light of lingering global trade uncertainty and its impact on domestic inflation. His comments follow last week’s stronger-than-expected inflation data, which showed UK CPI jumping to 3.5% in April from 2.6%. Bailey noted it remains unclear […]
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EUR/USD’s price actions from 1.1572 are seen as a corrective pattern to rally from 1.0176, which might still be extending. On the upside, above 1.1417 will bring retest of 1.1572 first. On the downside, below Read more…
USD/JPY gyrated in range of 142.10/148.64 last week. Initial bias remains neutral this week first. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, Read more…
GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger Read more…