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Markets The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on the back of last month’s inaugural move. The central bank also announced an intention to reduce the stock of UK government bond purchases held for monetary […]

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20/02/2024

AUD: Trade Ideas

Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading at a two-week high against the US dollar. Investors are eagerly awaiting the release of the Reserve Bank of Australia’s […]
23/04/2024

Platinum (PLAT) Turning Higher

Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Monthly chart of Platinum […]
09/01/2024

Hard Eurozone Data, Soft US Data

In focus today Today, from the US, the NFIB’s Small Business Optimism index will be released for December. Markets will focus especially on businesses’ perception of upcoming price changes and the outlook for labour markets. In the euro area, focus is on the unemployment figures and German industrial production for November. In October, the euro […]