SNB is set to announce its rate decision today, and the financial markets are rife with speculation. A significant gap has emerged between market expectations and those of economists regarding the magnitude of the rate cut. While a majority of economists are forecasting a 25 bps cut, market pricing suggests a nearly even split between […]
The post SNB Decision: Conservative 25bps cut or aggressive 50bps? appeared first on Action Forex.
Germany’s Ifo Business Climate Index declined to 85.7 in November, down from 86.5 in October, reflecting growing pessimism across key sectors of Europe’s largest economy. Current Assessment Index dropped from 85.7 to 84.3, indicating weaker Read more…
Gold price started a fresh increase above the $2,600 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold Read more…
Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…