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European Central Bank risk of continued financial market volatility still requires observation

2018-08-09 10:46 am | Resource: NEWS | No Views : 83

The European Central Bank said doubts about global factors, particularly the threat of protectionism, remain prominent.

 The European Central Bank said that the risk of continued financial market volatility still requires observation. In the economic bulletin, on Thursday

However, the bank said the risks surrounding the growth of the euro area were broadly balanced.

At the interest rate meeting in July, the ECB left interest rates unchanged and maintained its guidance on monetary stimulus.

The bank noted that uncertainty about inflation expectations is declining. Looking ahead, the bank said core inflation is expected to rise towards the end of the year and gradually increase over the medium term.

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USD/JPY Technical analysis 10 December 2018

Time frame Used - four hours The USDJPY is moving in a bearish direction in the near term. The USDJPY reached to the support level of112.29 to bounce back to the 112.92 level  as the USDJPY faced resistance and selling pressure around this level, forming a lower high to retreat to the 112.64 level, trying to stability above this level , As the USDJPY moves into a bearish channel and…

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