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.”