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Thursday, August 1, 2024

European Markets Wrap-Up: BOE cuts bank rate by 25 bps to 5.00% in knife-edge call

BOE cuts bank rate by 25 bps to 5.00% in knife-edge call

Prior 5.25% Bank rate vote vs 4-0-5 expected Statement details to follow..... 

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Nasdaq Technical Analysis – Road clear for a new all-time high?

Fundamental Overview The Nasdaq has been on a steady decline since the last US CPI report on July 11 th . In the first stages of the pullback, we've been seeing a rotation from big cap stocks into sma... 

AUDUSD Technical Analysis – The bearish momentum is fading

Fundamental Overview The USD has been rallying steadily against most major currencies in the recent couple of weeks, although the catalyst behind the move has been unclear. A good argument has been th... 

OPEC+ reportedly to delay start of JMMC meeting today by an hour

Reuters with the headline, citing sources familiar with the matter. That said, no policy change is still expected from the meeting so the reason for the delay is not believed to be anything untoward.... 

Eurozone June unemployment rate 6.5% vs 6.4% expected

Prior 6.4% The jobless rate in the euro area ticks a little higher again at the end of Q2, matching the figure back in March and in the same month a year ago. As a whole, labour market conditions are... 

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Latest Forex Orders

FX option expiries for 1 August 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0850 level. That could help to draw in price action with the 200-hour moving average see... 

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