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BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • EU Commission plans to issue first Next Gen EU bonds by June. $EUR
  • $WTI Crude Oil has edged higher today, currently trading above the 60.00 level. The commodity had traded in a narrow range below the 60.00 level last week and this week's moves show an attempt at continuing above those levels. $OIL $USO https://t.co/p5Btmy02yo
  • - The 2% inflation goal should not be seen as a cap - ECB should guide on tolerance of inflation overshoot - ECB should not introduce yield curve control - Time to exit PEPP has not yet arrived
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.18% 🇯🇵JPY: 0.15% 🇦🇺AUD: 0.04% 🇨🇦CAD: 0.02% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4F59HkhNfe
  • ECB's Villeroy: - Not legitimate to debate inflation return in Europe - Causes of inflation increase are temporary - Substantial slack will weigh on medium-term inflation #ECB $EUR
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 0.31% Germany 30: 0.19% US 500: 0.09% FTSE 100: -0.13% Wall Street: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2KKukSjZt6
  • #Gold has rebounded from the one week lows set following today's CPI print, rising from 1,724 to trade near 1,750 before slipping back downwards. The precious metal is now trading just above the 1,740 level. $XAU $GLD https://t.co/7s7Hvro6k9
  • As long as you don't use gasoline or fuel oil, are looking to buy a used car, pay rent or eat food; there is little inflation in the US. Weighting is an interesting thing
  • FDA: J&J vaccine pause likely to be only a "matter of days."
  • The US Dollar has remained weaker following this morning's CPI print. The $DXY is currently trading below the 92.00 level for the first time since March 23rd, at a fresh three week low. $USD https://t.co/Lq4EUP8Gyo
FOREX ANALYSIS: Japanese Yen Bounce Clouds Outlook

FOREX ANALYSIS: Japanese Yen Bounce Clouds Outlook

David Rodriguez, Head of Product
ssi_aud-usd_body_Picture_4.png, FOREX ANALYSIS: Japanese Yen Bounce Clouds Outlook

USDJPY – Forex trading crowds have bought into a recent US Dollar (ticker: USDOLLAR) pullback against the Japanese Yen, and the modest shift in sentiment clouds our previous forecasts for USDJPY strength.

We maintain that the USDJPY set a significant bottom through September, but the build in crowd buying crowds warns against the potential for a larger short-term pullback. We remain bullish as long as the USDJPY remains above key congestion levels between ¥81.10-¥81.60.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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