Daily Market Outlook, February 6, 2024Munnelly’s Market Minute…“China Sovereign Fund Stepping In, Leads Asian Markets Higher”Asian stocks showed a mixed performance, as Chinese market stabilization efforts countered early challenges from Wall Street, where yields reached year-to-date highs following strong ISM Services data and recent hawkish Fed c

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Pound Breaks DownGBPUSD is holding for now at the foot of yesterday’s losses following dovish commentary from BOE chief economist Huw Pill. The BOE policymaker told reporters that the bank is on course to cut rates this year, provided inflation continues to fall. However, there was a slight dovish twist in the commentary as Pill […]

FTSE Stuck in RangeThe FTSE remains within a tight block of consolidation this week as the recent range persists for now. The index attempted a breakout higher earlier today but met selling resistance into last week’s highs. Dovish comments from BOE chief economist Pill yesterday are certainly seen as favourable for the index though have […]

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<p>RBA’s less dovish than expected decision supported the Aussie earlier today. How high can AUD/USD fly before the bears step back in?</p>