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At today’s monetary policy meeting the BoE kept the Bank Rate unchanged at 4.75%, which was widely expected. The BoE delivered a dovish vote split but continues to emphasise a gradual approach to reducing the restrictiveness of monetary policy. We think this supports our base case of the next cut coming in February and a […]

The post Bank of England Review – BoE to Lag Peers in 2025; We Stay Positive GBP appeared first on Action Forex.

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Cliff Notes: A Volatile End to the Year

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02/08/2024

Week Ahead – RBA and BoJ Summary of Opinions Take Center Stage

RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap Will the RBA turn dovish? Following the BoJ, the Fed, and the BoE decisions this week, the central bank torch will […]
27/03/2024

Nasdaq-100 Index Wave Analysis

Nasdaq-100 index reversed from resistance level 18400.00 Likely to fall to support level 18000.00 Nasdaq-100 index recently reversed down from the key resistance level 18400.00 (strengthened by the upper daily Bollinger Band), which has been reversing the index from the start of March. The downward reversal from the resistance level 18400.00 started the active minor […]
09/01/2024

Dollar and Euro Keep Each Other Balanced

Markets The recent core bond yield recovery ran into resistance yesterday and that had knock-on effects on other markets. Equity markets in particular enjoyed a nice run. The EuroStoxx50 ended about 0.5% higher but that followed a 1% intraday rise. The tech-heavy Nasdaq on Wall Street posted 2% gains. As for yields, they finished 1-2.7 […]