Today’s focus is squarely on BoE’s rate decision, with significant uncertainty surrounding whether the first rate cut will be initiated to kick-start the policy easing cycle. Communications from various MPC members have shown no clear consensus. Known dove Swati Dhingra is expected to continue pushing for a rate reduction, urging BoE to stop squeezing living […]
The post BoE faces uncertainty over first rate cut decision amid divided MPC appeared first on Action Forex.
Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, Read more…
EUR/USD’s fall from 1.1213 resumed to 1.0681 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook will stay bearish as long as Read more…
USD/JPY edged higher again last week but retreated after hitting 154.70. Initial bias remains neutral this week for more consolidations. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the Read more…