Daily Pivots: (S1) 160.38; (P) 161.00; (R1) 161.58; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci level next. Nevertheless, sustained trading above 55 day EMA (now at 161.94) will turn bias to the upside, for stronger […]
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Croatian ECB Governing Council member Boris Vujcic emphasized a cautious and deliberate approach to monetary policy adjustments during comments to Econostream Media. Vujcic stated that any acceleration in the pace of rate cuts would require Read more…
Finnish ECB Governing Council member Olli Rehn reaffirmed the central bank’s commitment to easing monetary policy as disinflation remains on track and the region faces a weakening growth outlook. Speaking with Bloomberg TV, Rehn stated Read more…
USDJPY moved slightly to the upside on Friday, but it was mostly just a spike, despite higher US yields which raises the question of whether the pair is starting to lose momentum. The price action Read more…