Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
EUR/JPY: bulls are trying to resume the uptrend
2019-11-11 • Updated
TP1 132.65 TP2 133.25 TP3 136.65
On the daily chart of EUR/JPY, the “Shakeout-Fakeout” pattern is implementing. It is worth to sell at the 130 level. To resume the uptrend and reach the 88.6% target of the “Shark” pattern, the pair needs to break the April high.
On H1, bulls hope to implement the corrective “Three Indians” pattern. To succeed, bulls need to break the resistance at 131.85 and pull the pair out the downward channel.
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Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.