OctaFX | OctaFX Forex Broker
Open trading account
Back

BoE: Growing rate cut expectations – TDS

Analysts at TD Securities suggest that it's a quiet day for data, but the BoE's Haldane is speaking on productivity at 6pm local time, which could be a key driver for growing rate cut expectations.

Key Quotes

“Haldane is one of several senior MPC members who haven't spoken on policy since before the November MPR (in Haldane's case specifically, not since early September). Haldane had previously been upbeat about growth prospects for 2020, with the expectation that business investment and growth pick up once uncertainty recedes. If he reiterates that viewpoint, then we would stick with our call that the BoE is more likely to remain on hold at this month's meeting, contingent on a decent bounce in the January PMIs. But if he substantially changes his tone, in line with the more recent MPC speakers, then that would tilt the odds toward a rate cut this month.”

EUR/USD is looking for recovery – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/USD is showing small signs of recovery, the intraday Elliott wave counts are contradictory and t
Read more Previous

Gold Futures: cautious stance unchanged so far

Traders added almost 3.6K contracts to their open interest positions in Gold futures markets on Wednesday, as per estimated prints from CME Group. On
Read more Next
Start livechat