Themes

• General mood is “risk off”
• BoE announced a 25bps rate hike last night.
• US unemployment claim reported more than expected.

What’s Moving

GBPJPY dipped to a major support around 160.00 after BoE issued the MPS and hike the official bank rate for 25bps as expected. Later, GBPJPY bulls regain the power and pushed north to close above 163.30.

Crude oil hit a low around 112.30 but bounced up after the US unemployment claims and closed above 116.00.

Gold stuck between the range of 1805.0 and 1850.0. Wait for a break to follow the trend possible happen at tonight.

Thoughts

Powell will give a speech tonight, please pay attention and setup a risk management system. With higher-than-expected unemployment claims from US last night, most non-USD currencies regain the bullish power.

Keep an eye on the following event coming soon:

• BOJ Press Conference
• Euro Zone Final CPI / Core CPI
• Fed Chair Powell Speaks

Pivot Points