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ECB’s Villeroy: Monetary policy must remain accommodative

The French daily, Le Figaro, reports the weekend’s comments delivered by the European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy de Galhau, with the key headlines found below.

Monetary policy must remain accommodative.

A serious downturn worldwide.

US economy is still expanding.

China is showing signs of recent stabilization.

In Europe France and Spain are holding up well.

USD/JPY Technical Analysis: Back below 112.00, the bulls need to defend the support of April 5 high

USD/JPY has pulled back to 111.95, having tested Friday's high of 112.10 earlier today. The bearish divergence of the hourly chart relative strength i
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EUR/USD: Bid above 50-day MA, risk reversals hit 3-month highs on fading demand for EUR puts

EUR/USD may clock three-week highs above 1.1324 in the next few hours as investors are unwinding bearish bets on the common currency. The one-month 25
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