The Week Ahead – ECB Spotlight as Fed Rate Speculations Drive Market Shifts

Cable eases from new three-month high in European trading on Thursday, as daily Doji candle on Wednesday signaled indecision and overbought daily studies prompted a partial profit-taking. Failure to register a daily close above 1.2719 Fibo barrier (61.8% of 1.3141/1.2037) and subsequent weakness add to initial signals of bull trap and increases risk of pullback. […]

The BoE meets on Thursday; no interest rate change is expected Quarterly projections could support market expectations for rate cuts Pound in need of a boost against the euro Decision time for the BoE The Bank of England will hold its third gathering for 2024 on Thursday. The press statement, the meeting’s minutes and the […]

This week’s national accounts confirmed our view that the domestic economic is soft, especially the consumer. Pressures on households should start to ease in the period ahead. The big-picture themes from the national accounts for the December quarter were largely as expected. The Australian economy is soft, expanding just 0.2% in the quarter and 1½% […]