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BoE highlights “higher for longer” message in December Yet, investors are penciling in aggressive rate reductions CPI inflation data for December could well impact that view The numbers are scheduled for Wednesday at 07:00 GMT Investors don’t pay attention to BoE’s signals At its December policy gathering, the Bank of England kept interest rates unchanged […]

The post Will the UK Inflation Data Pour Cold Water on BoE Rate Cut Bets? appeared first on Action Forex.

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Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy

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11/12/2023

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]
18/12/2023

Long Japanese Yen

The Federal Reserve’s (Fed) rate cut talk becomes chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and Raphael Bostic pushed back the Fed cut expectations. Alas, activity on Fed funds futures […]
09/01/2024

Canada’s Trade Accounts Register a $1.6 Billion Surplus in November

Canada’s merchandise trade surplus notched its fourth consecutive month in black ink. However, November’s surplus narrowed to $1.6 billion as imports rose and exports edged lower. This comes after October’s surplus was revised upward to $3.2 billion. Exports fell slightly by 0.6% month-on-month (m/m) in November, the first decline in four months. The contribution to […]