Category: Cut
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More on BNZ forecasting a 50bp interest rate cut next week from the RBNZ
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BNZ sums up its reasons: QSBO is just awful Consumer Price Index heads below 2.0% Soft labor market to subjugate non-tradable goods Price settings should move quickly towards neutrality A 50 basis point cut is warranted at the October meeting “In our view, we believe that the reflationary information we…
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Fed Pres. Bosic: Is open to another 50 bp cut if labor market shows continued weakness
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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The calls are mounting for the ECB to cut rates in October and beyond
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Lagarde Barclays issued a note predicting that the ECB will cut the ECB by 25 basis points on October 17. They are behind the curve in that as the market has turned dramatically in the last couple of weeks and now place a 94% chance of a cut. . This…
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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FX option expiries for 27 September 10am New York cut
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There is only one thing to keep in mind on this day, as explained in broad. This is for the USD/CAD pair at the level of 1.3500. It’s not relevant to the technical level, so it’s not of great importance. But if nothing else, it can just draw the price…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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Dollar down in choppy trading after data; Swiss franc gains following rate cut By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell in volatile trading on Thursday after a slew of U.S. data pointed to a relatively strong economy, while the Swiss franc rose after the country’s central bank cut interest rates by 25 basis points. The US dollar began to pare…
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Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
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Roberto Perli, director of the Federal Reserve Bank of New York’s open market account, said in a speech Tuesday that markets do not view the 50 basis point rate cut by the Federal Open Market Committee as an indication of the strains facing the economy. Reuters with informationor: Market intelligence…
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Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex
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Bitcoin (BTC), the world’s largest cryptocurrency, has surged more than 22% over the past two weeks to trade at around $63,200, after a sharp drop to $52,000 on September 6. That’s the highest level Bitcoin has reached in nearly two months. Critical resistance looms at $65,200 According to a recent…
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China central bank will cut banks’ reserve requirement ratio by 50 bps By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Fed’s Kashkari: 50 bps rate cut was the right decision
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
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Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
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Fed Is About to Get Validation for Its Jumbo Rate Cut
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(Bloomberg) — The Federal Reserve’s preferred gauge of prices and the picture of consumer demand are expected to underscore the central bank’s aggressive rate cuts and Chairman Jerome Powell’s view that the economy remains strong. Most Read from Bloomberg Economists expect the personal consumption expenditures price index to rise just…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…