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Monthly Archives: August 2024

Sterling Ease On BoE Rate Cut

Written on August 5, 2024 at 5:39 am, by

Market Summary The spotlight was on the Bank of England (BoE) yesterday as the market awaited its interest rate decision. The BoE’s decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling, which trailed to a one-month low against the dollar. In contrast,Continue Reading

Categories: Uncategorized

Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!

Written on August 2, 2024 at 8:51 am, by

Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The Institute for SupplyContinue Reading

Categories: Trading Basics

Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!

Written on August 2, 2024 at 8:51 am, by

Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The Institute for SupplyContinue Reading

Categories: Trading Basics

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