Daily Pivots: (S1) 189.27; (P) 191.31; (R1) 192.78; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Corrective rebound from 180.00 might have completed with three waves up to 195.95. Risk will stay on the downside as long as 195.95 resistance holds. Below 189.54 will target 183.70 support. However, break of 195.95 will […]
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In a speech today, ECB Vice President Luis de Guindos acknowledged that Eurozone growth was weaker than expected in Q2, leading to a downward revision in the growth outlook for the region. He added that Read more…
BoJ Governor Kazuo Ueda reaffirmed today that Japan’s economy is expected to sustain a moderate recovery, which should support underlying inflation in converging toward 2% target over the coming years. However, Ueda did not repeat Read more…
Eurozone’s unemployment rate was unchanged at 6.4% in August, aligning with market expectations. Meanwhile, EU unemployment rate fell slightly from 6.0% to 5.9%. The report estimates that 13.027m people in EU, including 10.925m in Eurozone, Read more…