News came out on Forex Factory, a News article regarding the Bank of England. Apparently they are going to raiser interest rates for the Second Month in a row. The last time they did this was 2004. This is a big deal because of the cost of money has increased. This can be attributed to the Federal Reserve for adding more Poker Chips to the Table. Inflation. We have moved bullish nearly 100
pips since this rumor came out. Looks like people are buying the rumor. I believe this news may be a catalyst for a more bullish next few weeks. It may encourage bullish sentiment in the markets, continurbting to a rebound in other risk on assets. possibly the dollar cools down. anyways, cheers everyone. Like and Follow for more content like this
pips since this rumor came out. Looks like people are buying the rumor. I believe this news may be a catalyst for a more bullish next few weeks. It may encourage bullish sentiment in the markets, continurbting to a rebound in other risk on assets. possibly the dollar cools down. anyways, cheers everyone. Like and Follow for more content like this
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.