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4 May 2018

ECB’s Constancio: ECB caution in removing stimulus is justified

The European Central Bank (ECB) outgoing Vice President said in Malta on Friday, the ECB is on a gradual normalization process and weak inflation dynamics justify its caution, as cited by Reuters.

Constancio noted: “The caution is justified by the subdued inflation dynamics since the second half of 2017 and the recent levels of headline inflation.”

May 4, 2018

USD/CHF bulls await a decisive break through parity mark ahead of NFP

   •  A modest USD uptick helps regains traction on the last trading day of the week.     •  Focus remains on the keenly watched NFP report, for fres
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May 4, 2018

GBP/USD falls back to 200-DMA support in pre-NFP action

   •  Renewed USD strength prompts some fresh selling.    •  Bears await a decisive breakthrough 200-DMA support.    •  Focus remains on the keenly
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