Today’s Tip TV Finance Show open saw Zak Mir, Technical Analyst at Zak’s Traders Café, and Mike Ingram, Strategist at BGC Partners discuss the key trending news in the financial markets, the US stock market highs, the potential monetary easing ahead in the UK, broker forecasts, and the forex market sentiment.
Key Quotes
On the US stock market, Zak and Ingram note that the massive inflows into the bond markets seen earlier has turned into the equity markets as Brexit didn’t turn out to be a global risk. The seen rally in the US markets could be short-lived as the outlook for growth isn’t rosy. Markets stil remain cautious above the interest rate hike trajectory.
On the UK monetary policy, Ingram notes that markets will be surprised if the BoE doesn’t deliver a rate cut tomorrow, with Carney having voiced a personal view and in favour of monetary easing.