The European Central Bank (ECB) released the results of its latest survey of professional forecasters, with the key highlights found below. 2020 inflation seen at 1.2% vs. previously 1.2%) 2021 inflation seen at 1.4% (previously 1.4%) 2022 inflation seen at 1.5% 2020 real GDP growth seen at 1.1% (previously 1.0%) 2021 real GDP growth seen
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Australian Dollar, US-China Trade Deal Talking Points: AUD/USD has risen sharply since October in anticipation of a trade deal The Australian Dollar is ‘growth correlated’ so this makes some sense However, the China/Australia trade relationship remains so strong that a US-China deal may not boost it much The Australian Dollar may well gain ground, along
GBP/JPY repeated fails to clear 38.2% Fibonacci retracement, stays above 21-day SMA since January 14. 61.8% Fibonacci retracement, the two-month-old rising trend line will lure sellers below the short-term moving average. Buyers will aim for December month high during the upside break. GBP/JPY registers few moves while trading around 143.65 during Friday’s Asian session. On
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Relating to the previous video on the Big Dog 7am-9am Breakout Strategy, this strategy is nearly the same with XAUUSD during London Session! Follow me on Instagram @mrporter.fx | https://www.instagram.com/mrporter.fx/ @katchpipsfx | https://www.instagram.com/katchpipsfx/ Join our free chat group Join our VIP Set Up group https://linktr.ee/katchpipsfx My Forex Broker of Choice http://tradersway.com?ib=1322475 The best software for
Analysts at Australia and New Zealand Banking Group (ANZ) offered their take on Bank Indonesia’s decision to leave its benchmark interest rate unchanged for a third straight month on Thursday. Key Quotes: “Bank Indonesia (BI) has left its 7-day reverse repo rate on hold at 5.00% today, as expected.” “Notably, the tone of the press
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MARKET DEVELOPMENT –GBPUSD & EURUSD Analysis Stocks: With equities looking overheated, the rising concerns stemming from a Chinese virus (Coronavirus) which has seen over 300 infected with 6 reportedly dead has allowed for some profit taking across equity markets. In turn, with the outbreak bringing back memories of the SARS, global equities have been on