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GBPUSD price action remains confined, with the 200 hour MA key on the topside

June 27, 2023

The GBPUSD buyers are trying to make a play, but continues to have trouble at the 200 hour MA. The last three days, has seen …

Technical Analysis

EURUSD moves to new session high continuing the run to the upside

June 27, 2023

The EURUSD is extended to the upside despite the better-than-expected durable goods orders released earlier today. The move to the upside today has been helped …

Central Banks

ECB’s Wunsch: We must accept that our ability to fix inflation at exactly 2% is limited

June 27, 2023

If inflation is at 2.3% and the economy is weak, I wouldn’t tighten monetary policy He’s stating the obvious here. This article was written by …

Technical Analysis

The EUR is the strongest and the JPY is the weakest as the North American session begins

June 27, 2023

The EUR is the strongest and the JPY is the weakest as the North American session begins.The USD is mixed to lower. Gains and losses …

Technical Analysis

USDCAD Technical Analysis – Waiting for the CPI

June 27, 2023

Over the past week, many central bank speakers have shared their perspectives. The prevailing consensus remains unchanged: a wait-and-see approach is favoured to gauge the …

Central Banks

ECB’s Simkus: Should not rule out the option of a September rate hike

June 27, 2023

We are not done with hiking rates Too early to say whether there will be a rate hike in September Must keep rates restrictive to …

Central Banks

BOE’s Dhingra: UK wages are responding to inflation with a lag

June 27, 2023

Sharp drop in PPI is promising There is a lag between fall in PPI and CPI around one or two quarters Food prices is where …

Central Banks

ECB’s Lagarde: Inflation remains too high

June 27, 2023

We are committed to reaching inflation target come what may We cannot waver, cannot declare victory yet Need to bring rates to “sufficiently restrictive” territory …

Technical Analysis

GBPUSD Technical Analysis – Break or Bounce?

June 27, 2023

Throughout the previous week, we got many insights from various central bank speakers. The prevailing consensus is that awaiting additional data will help to assess …