Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 17-18 July 2024 22 August 2024 1. Review of financial, economic and monetary developments and policy options Financial market developments Ms Schnabel noted that since the Governing Council’s previous monetary policy […]
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Daily Pivots: (S1) 1.0545; (P) 1.0574; (R1) 1.0625; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0495. Outlook will stay bearish as long as 1.0760 support turned resistance holds. Read more…
Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… USD/JPY rebounded after dipping to 153.27 and the break of 155.35 minor resistance suggests that pull back from 156.74 has completed. Intraday bias is back on Read more…
Daily Pivots: (S1) 1.2634; (P) 1.2662; (R1) 1.2711; More… GBP/USD recovers further today but stays well below 1.2842 support turned resistance. Intraday bias remains neutral and outlook stays bearish. On the downside, break of 1.2596 Read more…