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Oil rallies despite rise in inventories

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers Today, the Bank of England sets the Bank Rate and communicates the target for its asset purchases. They are expected to be maintained at 0.50% and GBP375bn, respectively. We expect the vote count to be 8-1, as Ian McCafferty will probably continue to vote for a hike due to the strong development of the labour market. Based on BoE governor Carney’s very dovish speech, we already know that the BoE is likely to take another dovish stance. The new Inflation Report is also set to

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