Posts by "djellal"

thx cat,

Major next resistance is 1.5523 before 38% level of the last sellff

UK consumer-prices rose 3.1% in August from a year earlier and 0.5% from the month prior. This is the sixth month that inflation remains stubbornly above the governments upper band limit of 3%. Augusts reading was perhaps the most unexpected in the series as air fares flew higher, increasing a whopping 16.1% from July, a record gain for this time of year according to the Office of National Statistics. The statistics office also reported that higher bread, cereal and vegetable costs at the start of the autumn season stoked inflation too from the month prior.


CPI has remained above the 3% level since March as a weaker pound and higher commodity prices add to price pressures in the economy and make imports more expensive. Every month that consumer-prices rise by more than the upper target limit Bank of England Governor King has to write an open letter explaining how he plans to bring inflation under control. The persistence of inflation to remain above the 3% limit may drive a deeper wedge between MPC members, where Andrew Sentence has argued for interest rate hikes to tackle inflation but others have suggested that more stimulus is necessary. Minutes from the September rate decision are due on Sept. 22.



Another Month, Another Letter For Governor King

1.2875 is 38%fib of the last selloff

cat,
be cautious with eurchf is doing a new range

CAT,

Could you explain your interesting point of view that chinese could buy chf ?