Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Bank of England makes no changes to monetary policy
2020-08-06 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: There is not a retracement for silver. One bullish rally is followed by another one.
EU Market View
Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall Street. Looking ahead, highlights from macroeconomic calendar include BoE and RBI Monetary Policy Decisions, US Initial Jobless Claims, Fed's Kaplan.
EU Key Point
- Germany June factory orders comes at +27.9% vs +10.1% m/m expected.
- BOE leaves bank rate unchanged at 0.10%.
- Tokyo coronavirus panel worrying about infection spread in all areas of the city.
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