BofA bets against British pound as conflict outlook worsens

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Expectations for a December BOE rate cut are running pretty high, so a weak U.K. CPI print could spell further downside for GBP/AUD and GBP/CHF. Our Event Guide for the U.K. Inflation Report lists leading indicators reflecting a decline in input costs for October, along with slower wage growth. Will these resistance…

By RoboForex Analytical Department The EUR/USD pair retreated to 1.1612 on Tuesday, pulling back from a recent two-week high. The catalyst for the move was a significant repricing of US interest rate expectations following weak manufacturing data. The ISM Manufacturing Index confirmed a ninth consecutive month of contraction, with the pace of decline the fastest…

Why does a trade that looks perfect on the chart still lose money five minutes later? In scalping, the answer is usually hidden in the tiny details that slower traders barely notice. Forex is enormous. The BIS reported about US$7.5 trillion in average daily turnover in its 2022 survey, and that scale is exactly why…