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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 : 37



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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USDJPY Technical analysis 16 August 2018

Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term   The purchasing power managed to control the movement of the USDJPY pair to penetrate the USDJPY the resistance level of  110.85 higher to reach the level of 111.44 where the USDJPY has encountered resistance and selling pressure around this level to fall back to the  support level of 110.56 again forming a …

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