@yula
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Bank of America Merrill Lynch Research discusses GBP outlook around the BoE policy meeting on Thursday.
“We expect the Bank of England (BoE) to sound dovish about the near term, but hawkish about the medium term. Wage growth means the BoE will keep guiding to hikes. The market may struggle to price that given the risks. The Bank should provide…[Read more]
AUD/USD has fallen below 0.7200 after RBA Governor Lowe dovish comments
Lowe didn’t repeat line that next move likely to be up rather than down
Lowe’s speech more cautious than RBA statement – which was viewed as upbeat
Speech highlight risks to forecast and RBA will ease if risks materialize
Speech suggests RBA moving to “neutral bias” from…[Read more]
*Holiday in most Asian centres ensured very narrow ranges and light volumes
*EUR/USD barley moved and traded in a 1.1422/40 range through the morning
*The rising US yields over past two days is weighing on EUR/USD longs
*Support comes in at 1.1420/25 where the 10 and 21-day MAs converge
*Key resistance at 200-day MA at 1.1552 with break needed to…[Read more]
*EUR/USD is becalmed, mid-range with trading volumes down due China hols
*Chance of a big move this week is low but data could stir some action
*With a slowdown in focus, PMIs proximity to key 50 mark is a clear risk
*Service sector just 50.8 in Dec and EZ composite PMI lower @ 50.7
*Given quiet an unlikely contraction is needed to really liven…[Read more]
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