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Summary The Bank of England (BoE) delivered a widely anticipated 25 bps rate cut at today’s announcement, bringing the policy rate down to 4.25%. Between the somewhat balanced policymaker vote split, mixed commentary on economic trends, and updated economic projections that did not contain any major surprises, we view the decision as broadly neutral. In […]

The post Bank of England Cuts Rates, Signals Gradual And Careful Monetary Easing appeared first on Action Forex.

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EUR/USD Lost First Support at 1.1274/76

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24/01/2024

Japanese Yen Pares Gains after BOJ Meeting

The Japanese yen is slightly lower in the European session on Tuesday. USD/JPY fell 0.54% after today’s BoJ policy meeting but has pared most of those gains and is trading at 147.82, down 0.18%. Bank of Japan stays pat As expected, the BoJ maintained its policy settings at today’s meeting. In a unanimous decision, the […]
20/06/2024

No Rate Cuts Expected from SNB, BoE, or NB today

In focus today We have three central bank policy decisions today, from Norges Bank (NB), the Swiss National Bank (SNB), and the Bank of England (BoE) We expect the SNB to keep the policy rate unchanged at 1.50% today after delivering its first cut at the March meeting. The recent strengthening of the CHF poses […]
07/02/2024

Oil (CL_F) Rally May Fail for More Downside

Short Term Elliott Wave view in Oil suggests that rally from 12.13.2023 low is unfolding as a double three Elliott Wave structure. Up from 12.13.2023 low, wave ((a)) ended at 76.18 and dips in wave ((b)) ended at 72.89. Wave ((c)) higher unfolded as a 5 waves where wave (i) ended at 75.75 and wave […]