ECB Vice President Luis de Guindos emphasized the bank’s expectation of having “far more data” by June, which will be crucial for evaluating the appropriateness of a rate reduction. De Guindos also noted the current market optimism for a “soft landing” and the continued decrease in inflation. However, he warned “there could be a different […]
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EUR/JPY’s decline from 165.19 extended lower last week and the break of 161.57 support argues that rise from 154.77 might have completed. Initial bias is back on the downside this week for 158.27 support next. Read more…
EUR/GBP’s decline from 0.8737 is still in progress. With the late break of 0.8392 temporary low, initial bias is back on the downside this week. Further fall should be seen to 0.8314 support first, and Read more…
EUR/AUD’s recovery from 1.7245 extended higher last week but failed to break through 1.7628 resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.7628 resistance will suggest that fall from Read more…