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<p>US initial jobless claims dropped -58k to 1508k in the week ending June 13. Four-week moving average of initial claims dropped -235.5k to 1773.5k. Continuing claims dropped -62k to 20544k in the week ending June 6. Four-week moving average of continuing claims dropped -1092k to 20815k. Full release here.</p> <p>The post <a r

<p>BoE kept Bank Rate unchanged at 0.1%, by unanimous vote, as widely expected. The Committee also decided, by 8-1 vote, to increase the asset purchase target by GBP 100B to GBP 745B. Chief Economist Andrew Haldane dissented and voted for keeping the asset purchase target unchanged at GBP 645B. On the economy, BoE noted that […]

<p>Sterling drops notably today after BoE announced to expand the asset purchase program as widely expected. Australian Dollar is currently following as second weakest, then New Zealand Dollar. Markets are in slight risk-off mode today, as European indices are trading in slight red. Yen and Dollar ride on the trade and strengthen broadly. Tho

<p>BOE turned out to be less pessimistic than we had anticipated. The members acknowledged that global economic contraction in 2Q20 will be “less severe than expected”. While the size of QE is expanded, the members will likely slow the pace of asset buying. The policy rate stayed unchanged at record low. The decision sent gilts […]

<p>SNB left the monetary policy unchanged in June. Meanwhile, the members reiterated the commitment to intervene in the currency market as Swiss franc has remained “highly valued”. Economic and inflation forecasts for this year were sharply downgraded as a result of the coronavirus pandemic and related restrictive measures . On economic devel

<p>NZDUSD’s short-term bullish picture under scrutiny as the pair is presently resting on the lower band of the Ichimoku cloud. The latest sideways move may gain a negative boost should it dip under the cloud and the 50-period simple moving average (SMA) continue its gradual downturn. At this time signals for directional momentum reflected in

<p>Pound’s bearish stance firmed after BoE and increased demand for haven yen over rising geopolitical tensions. The cross accelerated through important supports at 133.62 (converged 30/55DMA’s) and 133.28 (Fibo 61.8% of 129.29/139.73) and penetrated daily cloud (spanned between 133.03 and 131.33), down 1.2% since opening in Asia. Momentum is

<p>EURJPY posted another lower low at 119.81 after crossing below the trendline that has been supporting the rebound from the 3½-year trough of 114.42, raising speculation that the market may keep trending within a downward-sloping channel. The break below the Ichimoku cloud and the RSI’s bearish location is another discouraging signal. Curre

<p>EURUSD has come under intensifying negative stresses, which may see selling threats materialize. Even though the price had found a foothold on the 100-period simple moving average (SMA), the lower bound of the Ichimoku cloud at 1.1268 has capped upside moves – the level being the 23.6% Fibonacci retracement of the up leg from 1.0773 [&hell

<p>The Euro continued to move lower on Thursday, driven by soured risk sentiment over rising concerns of new coronavirus wave. Bears attack again key support at 1.1212 (Fibo 38.2% of 1.0870/1.1422 / 17/12 June lows), where two attempts so far stalled. Daily techs lack clearer direction as MA’s are in mixed setup, momentum is falling […