wellfene

wellfene

BOE monetary policy As inflation was running high in the UK, the market was pricing BOE to announce fresh clues /hints on the timetable on scaling back of bond purchase. BOE didn't indicate any timetable on the further reduction in the bond purchase, since May's meeting. Due to the rise of a number of covid cases over the past week, on Sat the number of new...

wellfene

Personal Opinion on the pair next week. I foresee that the pair might be trading from 1.1846 to 1.1976 on the next week until next Friday NFP for further clues before resuming to the up or down side. Fundamental view US Monetary Policy US ( Hawkish) EUR/USD is still on an uptrend, on a daily timeframe. There is a shift in US monetary policy in June's FOMC...