Weekly Economic & Financial Commentary: A March Rate Cut Bites the Dust

EURGBP reversed from resistance level 0.8625 Likely to fall to support level 0.8550 EURGBP currency pair recently reversed down from the key resistance level 0.8625, which has been reversing the price from January, intersecting with the 50% Fibonacci correction of the previous downward impulse from November. The downward reversal from the resistance level 0.8625 created […]

In focus today In the US, the University of Michigan’s preliminary consumer sentiment survey for September is due. With underlying inflation moderating and short-term market-based inflation expectations declining with global oil prices it will be interesting to see if the reading reflects these trends. In August, 1y and 5y inflation expectations stood at 2.8% and […]

EURJPY lost 12% from multi-year high Short-term bias skewed to the upside, but caution needed EURJPY remains under pressure, and risk is still on the downside as prices continue to drift lower after the failure attempt to climb beyond the 200-day simple moving average (SMA) at 164.00. In the bigger picture, EURJPY has lost around […]