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Market pricing and economists favour a 25bp hike from the BOC tomorrow
Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.
In-Line UK inflation good enough for GBP
The GBP/CAD chart looks pretty clean with room for it to run to the upside.
European Open: Sentiment falters ahead of the open
US futures and Asian indices partially handed back some of yesterday’s gains and oil touched a 1-month low as yesterday’s optimism shows early signs of petering out.
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European Open: The pound perks up ahead of inflation data
UK inflation is expected to rise to 6% y/y today, and if we’re to see a strong inflation data set overall it could revive hopes of a less cautious BOE regarding future hikes.
BOC Preview: Will the Bank of Canada be the next central bank to liftoff?
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%.
European Open: Yields continue higher overnight, futures point lower
It was another day of red for equity traders as upside pressures on yields showed no signs of abating.
European Open: ‘Jack in the box’ trading continues
When the force which keeps prices suppressed is removed, price action behaves like a freshly-opened Jack in the box. And that’s what we saw during Asian indices overnight.
📈📉 DAILY MARKET VIDEO 📈📉 The #USD is edging lower after #Fed Chairman Powell's speech yesterday as the focus now turns to more Fedspeak today. $NDX remains in a short-term bullish trend with room to 13K+ as long as 12.1K holds. This video is not intended for US audiences. https://t.co/HhvzVulPkt
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