GBPUSD in the Red for Six Weeks

The ECB decided to cut its three policy rates by 25bp, in line with market expectations. The most important decision taken today, though, was to remove the pledge to keep monetary policy restrictive. The ECB now simply guides that it will use the three-tiered reaction function inputs as key metrics (inflation outlook, underlying inflation and […]

EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the ABC correction (2) from October. The breakout of the support level 1.0730 accelerated […]

Markets German bunds underperformed US Treasuries in the wake of yesterday’s ECB policy meeting. Rates rose between 2.2 and 4.4 bps. The central bank cut rates by 25 bps for the first time in five years but still-high domestic price pressures and elevated wage growth mean it has to tread carefully down the easing path. […]