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 | @katchpipsfx | Join our free chat group Join our VIP Set Up group My Forex Broker of Choice 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