European Central Bank risk of continued financial market volatility still requires observation
2018-08-09 10:46 am | Resource: NEWS | No Views : 64
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.
Time frame Used - four hours The USDJPY is moving in a bearish direction in the near term The USDJPY managed to control movement of the USDJPY to breach the support level of 112.55 down to reach to level of 112.02, trying to consolidate above this level Forming a positive candlestick pattern In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival…
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