PBOC: Will not resort to ‘flood-like’ stimulus

The Chinese central bank, the PBOC, is out with the key headlines on its monetary policy outlook and the exchange rate.

Will not resort to ‘flood-like’ stimulus.

More to come…

Jun 27, 2019

AUD/USD technical analysis: Bulls await a sustained break through 0.70 handle, 4-week old descending trend-line

This is closely followed by 50% Fibonacci retracement level of the 0.7207-0.6831 recent bearish trajectory, around the 0.7020 region - also marks mont

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Jun 27, 2019

EUR/GBP struggles around the 0.8950 region, focus on German CPI

Today’s bid tone surrounding the Sterling has brought in some weakness to EUR/GBP forcing to to recede to the mid-0.8900s, where it is now looking to

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