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Markets Odds this morning were for markets to take a slow start to the new trading week after last week’s sharp (divergent) repositioning on both sides of the Atlantic. Fed Chair Powell on Friday in a ‘last-minute’ assessment before the black-out period in the run-up to the March 19 Fed meeting, kept a wait-and-see-approach. Powell […]

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01/08/2024

Bank of England Review – Easing Commences But No Game-Changer for GBP

At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight hawkish twist. Gilt yields tracked […]
04/06/2024

WTI Wave Analysis

WTI broke key support level 76.70 Likely to fall to support level 72.00 WTI crude oil recently broke the key support level 76.70 (which has been steadily reversing the price from the middle of February). The breakout of the support level 76.70 coincided with the breakout of the 61.8% Fibonacci correction of the previous upward […]
18/04/2024

EURGBP Wave Analysis

EURGBP reversed from strong support zone Likely to rise to resistance level 0.8585 EURGBP currency pair recently reversed up from the strong support zone surrounding the powerful support level 0.8515, which has been reversing the price from last June. This support zone was further strengthened by the lower daily Bollinger Band. Given the strength of […]