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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 : 110

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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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 February 2019

Time frame Used - four hours The USD/JPY is moving in a sideway direction in the near term. The USD/JPY is still facing resistance and selling pressure around levels of  111.42 - 110.92 as the USD/JPY is floating in a narrow range and the USD/JPY is moving above the Bollinger's moving average line within the narrow range, indicating a potential price explosion but Not yet determined in any direction. In…

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