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This article was written by Greg Michalowski at www.forexlive.com. Source
The US dollar fell sharply last week before consolidating on Friday.What next technically?
access_timeOctober 18, 2024
Latest:
- PBOC Governor provides directions for stock buybacks
- PBOC sets USD/ CNY reference rate for today at 7.1274 (vs. estimate at 7.1267)
- PBOC says its necessary to increase support to the real economy
- PBOC is expected to set the USD/CNY reference rate at 7.1267. – Reuters estimate
- USD/JPY little changed after Japan’s September inflation data
- ICYMI – NBA forecast a Reserve Bank of Australia rate cut at the first meeting of 2025
- UBS see plenty more European Central Bank rate cuts, Dec & 2025. Euro has cyclical support
- RBC expect a cascade of European Central Bank rate cuts for the next six months+
- TD on the European Central Bank – no major surprise. Now pessimistic on euro.
- Deutsche Bank expect faster rate cuts from the European Central Bank to come
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