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Gradual tightening path and neutral rate debate – ING

ING analysts Chris Turner and Padhraic Garvey see the Bank of Japan maintaining its tightening bias after June’s move to 1.00%, with most board members viewing Japan’s neutral rate near 2.00%. While some officials may favour an earlier hike in September or October, ING expects the upcoming decision to leave…

Eases from 0.8575 resistance with the bullish bias intact

The Euro (EUR) is nursing moderate losses against the British Pound (GBP) on Wednesday, as bulls failed to find acceptance above the 0.8575 resistance area on Tuesday. The pair, however, remains within the upper range of the 0.8500s with the near-term bullish bias intact, and the focus shifting towards the Bank of England’s (BoE) monetary policy meeting, due on Thursday.Rabobank’s FX strategists warn that the Pound could come under pressure as markets reassess the UK…

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American Airlines flights briefly grounded nationwide

American Airlines on Tuesday said flights are resuming after the Federal Aviation Administration (FAA) issued a nationwide ground stop for all flights following a systemwide IT outage that disrupted operations across its network. “A technology issue briefly impacted connectivity for some of our systems on Tuesday evening,” the airline said…

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