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BOE cuts bank rate by 25 bps to 4.75%, as expected

November 7, 2024

Prior 5.00% Bank rate vote 8-1 vs 7-2 expected (Mann dissented to keep bank rate at 5.00%) There has been continued progress in disinflation But …

Technical Analysis

Nasdaq Technical Analysis – The market cheers Trump’s victory

November 7, 2024

Fundamental Overview The Nasdaq tested the all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers …

Technical Analysis

S&P 500 Technical Analysis – The stock market looks forward to Trump’s policies

November 7, 2024

Fundamental Overview The S&P 500 soared into a new all-time high following Trump’s victory and the red sweep as the market started to look forward …

Technical Analysis

GBPUSD Technical Analysis – The greenback soars on Trump’s victory

November 7, 2024

Fundamental Overview The US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and …

Technical Analysis

EURUSD Technical Analysis – The US Dollar celebrates the Trump’s victory

November 7, 2024

Fundamental Overview The US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and …

Central Banks

PBOC governor Pan says will continue to implement supportive monetary policy

November 7, 2024

Will strengthen communication with markets To steadily promote opening up of China’s financial services industry and markets Will promote a sustained economic recovery The headlines …

Central Banks

There is a deluge of European Central Bank speakers Thursday – Lane (3 spots!), Schnabel

November 7, 2024

Lane and Schnabel the most likely to spin out some market-relevant comments. Times below are GMT/US Eastern time: 0730/0230 ECB chief economist Philip Lane and …

Cryptocurrency

Ethereum surging even higher, highest since august

November 7, 2024

A key beneficiary of the surge in crypto as Trum p won the election. BTC rose, ETH the same. Bids right across the complex. This …

Central Banks

Bank of Canada’s Rhys Mendes, Deputy Governor, speaks Thursday

November 7, 2024

1400 GMT / 0900 Eastern time: Opening remarks by Rhys Mendes, Deputy Governor of Bank of Canada at The John Kuszczak Memorial Lecture From the …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1659 (vs. estimate at 7.1679)

November 7, 2024

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1679 – Reuters estimate

November 7, 2024

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …