BoC hikes overnight by only 50bps to 3.75%, disappointing those expecting a 75bps hike. Bank Rate and deposit rate are at 4.00% and 3.75% respectively. The central bank maintains tightening bias, and noted that “the Governing Council expects that the policy interest rate will need to rise further”. In the new economic projections, GDP growth […]
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Daily Pivots: (S1) 157.35; (P) 157.63; (R1) 158.18; More… USD/JPY fell sharply after reject below 55 4H EMA (now at 158.06). The decline from 160.71 high is resuming and intraday bias is back on the Read more…
The market narrative has flipped again—and this time the reversal is dramatic. Just days after investors were positioning for a dangerous escalation in the Strait of Hormuz, traders are suddenly rushing back into risk assets Read more…
Key takeaways Risk-on rally driven by easing geopolitics: Cooling US–Iran tensions and lower oil prices have reduced risk premiums, lifting global equities to record highs—led by the S&P 500 and Nasdaq 100. AI-led earnings momentum Read more…