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BOE Rate Cut Odds Rise To 94%, China Data Lacks Substance

Published 04/08/2016, 05:27

Today’s Tip TV Market Roundup features a discussion on the BoE rate cut expectations, the one-way bet on yen, the Italian banking crisis, China data and more. Joined by Mike Ingram, Strategist at BGC Partners, and Zak Mir, Technical Analyst at Zak’s Traders Cafe.

Highlights:

“One-way bet on yen – monetary stimulus and fiscal stimulus in Japan underwhelmed expectations.”

“BOJ: Central bank exhaustion is clear. Authority and credibility of central banks draining away since last couple of years.”

“Italian banking crisis: Contagion can spread across Europe as banking system is left with profitability collapse.”

“94% chance of BOE rate cut tomorrow. Still looks premature.”

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