BOE rate cut odds rise to 94%, China data lacks substance – Tip TV

Today’s Tip TV Market Roundup features a discussion on the BoE rate cut expectations, the one way bet on Yen, 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.”