EURUSD As highly expected , ECB cut the rates by 0.25 on Thursday, this decision was unanimous according to ECB President Lagarde. Interest rate in EZ is at 3.25 , the lowest since May 2023. ECB clarified that the monetary policy would remain datadependent. EURUSD traded slightly higher today at 1.0841, not far from the lowest level since early August 2024. Inflation in EZ contracted by 0.1 MoM in September, matching the estimates.

Last major support was executed, new one added. Correction may happen target 1.0865, but the price action is not yet fully bullish.

USDJPY Eight consecutive days of the gains in USD index, it will not be a surprise if USD index starts technical correction. USDJPY traded weaker this morning at 149.81. Japans inflation fell to 2.5 in September, the weakest in five months. Markets are closely watching BoJ reaction to Yen weakness, not to forget the Japans central bank intervened before at 160 and now 150 is the highest in almost three months.

Price action is still heading higher with lower velocity, targeting the last major resistance at 150 done yesterday . 147.50 146 are important support levels. Positive channel persists.

GBPUSD  GBPUSD started recovering in the last two days, will the UK retail sales save the markets bulls? GBPUSD traded at 1.3023 this morning, GBP benefited from EUR weakness after ECB cut the rates yesterday. In the meantime, weaker retail sales will just complicate the BoE mission add pressure to cut the rates…