European Markets Wrap-Up: BOE leaves bank rate unchanged at 5.00%, as expected

BOE leaves bank rate unchanged at 5.00%, as expected Prior 5.00% Bank rate vote 8-0-1 vs 7-0-2 expected (only Dhingra dissented, wanting to cut by 25 bps) Need to be careful not to cut rates too fast or by too much Most MPC members think gradual approac...  Fed still on track to cut rates by 125 bps in total for 2024 - Citi As such, they are maintaining their outlook for the Fed to cut by 50 bps in November before closing things out with a 25 bps cut in December. The latter is changed as Citi did previously expect the Fe...  Nasdaq Technical Analysis – Rate cuts into soft landings are bullish Fundamental Overview Yesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn't a surprise. The larg...  S&P 500 Technical Analysis – The market likes rate cuts into resilient economy Fundamental Overview Yesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn't a surprise. The larg...  Dollar struggles on the session, equities ramp higher as well We're seeing fresh highs now for the euro, pound, and the commodity currencies against the dollar. EUR/USD is up 0.5% to 1.1170 with GBP/USD also up 0.5% to 1.3280 currently. AUD/USD in particular is...  Latest Forex Orders FX option expiries for 19 September 10am New York cut There are a couple to take note of on the day, as highlighted in bold . And they are all for EUR/USD, layered in between 1.1100 through to 1.1150. Traders are still largely digesting the Fed decision...  Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network This email was sent to trungtamthuchanhmt.hanghai18021960@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences ForexLive · 11 Apostolou Andrea, Hyper Tower 3rd floor, Mesa Geitonia · Limassol 4007 · Cyprus