Fundamental Updates – ECB Meeting And Its New Inflation Target (23 July 2021)
New monetary policy strategy.Earlier this month, the European Central Bank (ECB) reconvened its policy review that was postponed since last…
EUR/CHF – ECB To Provide Details On New Policy
ECB likely to hold monetary policy unchanged for now Focus of meeting will be on adoption of new policy Potential…
Fundamental Updates – OPEC+ United Once Again (19 July 2021)
A compromised deal.After a two-week stalemate in the discussion, the OPEC+ reconvened its meeting over the weekend. As part of…
USD/CAD – Compromise Reached Between Saudi And The UAE
Oil production baseline increased for 5 members Production quota to rise by 400,000 bpd from August Further upside in USD/CAD…
AUD/NZD – Multi-Year High Inflation Data May Push For An Earlier Rate Hike
Strong New Zealand inflation data driven by rising home prices Australian jobs growth slowed Potential downside in AUD/NZD Statistics New…
NZD/CAD – BoC Tapering Fails To Retain CAD Buyers
BoC carried out second QE tapering OPEC+ uncertainty hindered CAD buyers Potential upside in NZD/CAD beyond 0.88 handle The Bank…
GBP/NZD – RBNZ Puts LSAP Back Into Its Toolbox
RBNZ halts LSAP programme Head and Shoulder pattern in GBP/NZD (D1) During their monetary policy meeting earlier today, the Reserve…
CAD/CHF – Canadian Job Market Close To Full Recovery
230,000 jobs added into Canadian economy CAD strength short-lived as job gains are all part-time BoC may look into another…
EUR/AUD – ECB Policy Review
ECB now targets inflation at 2% Rise in COVID case led to lockdown extension in Sydney Potential upside in EUR/AUD…
NZD/USD – Awaiting For A Clearer Direction
Not much details on tapering were included in FOMC minutes Upcoming data releases may provide a clearer trading direction Ascending…