Блог Сообщества Dukascopy
USD/JPY unfazed after Trump-Kim summit
The historical meeting between U.S. president Donald Trump and N.K. leader Kim Jong-un went fairly well, with Kim confirming "unwavering commitment" to denuclearise. That will take time of course but should nevertheless provide some tailwind for risk trades. USD/JPY looks bullish just above 200 DMA, ahead of the U.S. CPI report coming up in the afternoon.
BOE proceeds with caution, pound sells off
Bank of England left the official bank rate unchanged. Market had expected a hawkish hold, ideally a green light for a hike in August. That wasn't to be, instead they said the timing of the next hike depends on incoming economic data. GBP/USD adjusted lower but bounced back after U.S. CPI missed estimate prompted some profit taking on long dollar positions. 200 DMA near 1.355 is the bull/bear line in sand.
EUR/USD testing longer term trendline
Reaction to otherwise firm U.S. inflation report was somewhat a surprise. Risk sentiment improved this week and we seem to have returned to the previous regime where the dollar is used as a funding currency, despite rising interest rates. EUR/USD appears ready to break above the longer term trendline.