SNB lowered the policy rate by 25bps to 1.25% and maintained the willingness to be active in the foreign exchange markets as necessary. In the accompanying statement, SNB said “underlying inflationary pressure has decreased again”. The central will continue to monitor the development of inflation closely, and will “adjust its monetary policy if necessary. Taking […]
The post SNB cuts 25bps, lowers inflation forecasts slightly appeared first on Action Forex.
The financial markets gained much-needed clarity last week as strong US employment data aligned market expectations with Fed’s own monetary policy outlook. The possibility of a 50bps rate cut in November has now vanished, with Read more…
Some cruise passengers seem to really like rules. That makes sense when the rule being enforced affects their ability to enjoy the trip. If a cruise line, for example, gets involved when a passenger makes Read more…
EUR/USD’s extended decline and strong break of 55 D EMA (now at 1.1031) last week suggest that the near term trend has reversed. Initial bias is now on the downside this week for 38.2% retracement Read more…