Bank of England page 6
Why Strong Dollar Bothers Central Banks | Daily Market Analysis
Key events: USA — JOLTs Job Openings (Aug) Eurozone — ECB President Lagarde Speaks The technical reversal pattern Shooting Star is formed on the weekly chart of the DXY index. Philosophical Japanese, who gave such a romantic name to this pattern, did not assume how exactly it would tell about the current situation. The superstar of the last year and a half, the unstoppable dollar, has shown this configuration on the W1 timeframe for the first time since it took off. So, the star is falling.
Bank of England Saves the Day | Daily Market Analysis
Key events: Eurozone — CPI (YoY) (Sep) USA — Core PCE Price Index (MoM) (Aug) After the new British government announced its spending plans, it led to a sharp collapse of the country's national currency and an equally sharp rise in long-term bond yields. To stabilize the crumbling debt market, the Bank of England now plans to buy as many government bonds as necessary.
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