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Markets German bunds underperformed US Treasuries in the wake of yesterday’s ECB policy meeting. Rates rose between 2.2 and 4.4 bps. The central bank cut rates by 25 bps for the first time in five years but still-high domestic price pressures and elevated wage growth mean it has to tread carefully down the easing path. […]

The post Today’s US Payrolls Important for Both Sides of Atlantic appeared first on Action Forex.

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13/02/2024

WTI Oil: Oil Price Dips on Easing Concerns About Middle East Supply

WTI oil edged lower in early Monday, following calmer tones regarding possible end of Israeli strikes on southern Gaza, which eased fears about supply disruptions from the Middle East. Fresh easing started to develop a reversal pattern on daily chart after the recent four-day recovery rally was capped by 200DMA / daily cloud top ($77.45) […]
06/12/2023

Nasdaq – How Sustainable is the Stock Market Rally? PMIs a Positive Surprise

Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks […]
19/03/2024

AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to […]