Source: Bank of England The Bank of England hiked its key policy rate by 25 basis points and hinted at the possibility of additional rates in the coming months. EWU is down 2.24%, while EZU is down 2.36%. The Bank of England raised its Bank Rate by 25 basis points to 1% from 0.75% in March, following the rate hikes implemented in December, February, and March.The central … [Read more...] about England Hikes Rates Anew as Inflation Continues to Mark Historic Highs
Fed Raises Rates, Hints at More Tightening
Source: Federal Reserve The Federal Reserve on Wednesday hiked its key policy rate by half a percentage point, with Federal Chairman Jerome Powell hinting at more hikes moving forward. QQQ is down 3.11%, while SPY is down 2.13%. The latest increase will bring the federal funds rate between 0.75% to 1% and the current market pricing rate between 2.75% to 3%.Powell said … [Read more...] about Fed Raises Rates, Hints at More Tightening
China’s Services Activity Falls at Second Lowest Rate on Record
Source: S&P Global China’s services sector activity narrowed at the second-steepest rate on record in April, as tighter COVID limitations halt the industry. CNUYSD down -0.01%, CSI 300 down -0.15% The Caixin services purchasing managers’ index (PMI) dropped to 36.2 in April, the second-lowest since the survey started in November 2005 and down from 42 in March.A … [Read more...] about China’s Services Activity Falls at Second Lowest Rate on Record
Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
Source: S&P Global Eurozone construction firm’s pessimism on the twelve-month outlook fell to the lowest since November 2020 in April, as depressed demand continued to impact on new orders. DAX is up +1.42%, EURUSD is down -0.11%. The weakened pessimism occurred as firms reported the fastest decline in new orders in fourteen months. The depressed activity saw the … [Read more...] about Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
Botee.Trade Review: An Unbiased Crypto Bot Analysis
Botee.Trade is a trading bot that works on our account to make some profits. The presentation includes various explanations about what we have to expect from the system’s performance. The main claim informs us that the robot is designed for professionals. First Botee.Trade quick summary UpsidesDownsidesAffordable rental optionsNo risk details shownNo team revealedNo … [Read more...] about Botee.Trade Review: An Unbiased Crypto Bot Analysis
