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We expect the Bank of England (BoE) to cut the Bank Rate by 25bp to 3.75% but we recognise it is a close call. We see a clear, although narrow, path to a 5-4 decision for cut. Since the last meeting, the labour market has continued to cool but the steepness of job losses is […]

The post Bank of England Preview – Softer Inflation Opens Door for More Easing appeared first on Action Forex.

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28/06/2024

Sunset Market Commentary

Markets Today’s avalanche of inflation numbers had little surprises in store. Euro area member states France (0.1% m/m, 2.6% y/y) and Spain (0.3% m/m, 3.5% y/y) reported theirs ahead of the June European figure next Tuesday. Both printed bang in line with expectations, suggesting an outcome close to the European consensus of 2.5%. US May […]
20/08/2025

Dollar (DXY) Pauses at 98.00 as Markets Await Clarity – What’s Next?

The morning NA session follows a quasi-dead European overnight trading. This tends to happen when a lack of data adds to the Summer trading when volumes are typically subdued. The Dollar Index had been in the middle of many headwinds, as per usual. After a stellar July followed by and N-shaped (for nope) downward spiral […]
17/07/2024

Bitcoin Faces $66K Challenge: Can the Bull Run Continue?

Key Highlights Bitcoin price rallied above the $62,000 and $64,500 resistance levels. BTC is trading above a key bullish trend line with support at $61,550 on the 4-hour chart. Gold bulls are eyeing more upsides above the $2,480 level. USD/JPY is consolidating losses above the 157.50 support. Bitcoin Price Technical Analysis Bitcoin price started a […]