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The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth. The S&P 500 faces a critical resistance level that could shift market momentum, with Alphabet and Tesla’s earnings reports expected to influence investor sentiment. FTSE 100 […]

The post FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead appeared first on Action Forex.

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26/08/2024

For Now, We Don’t Fight the Broader USD Downtrend

Markets At its keynote Jackson Hole speech on Friday, Fed Chair Powell explicitly reconfirmed the change in the Fed’s assessment on the balance between fighting inflation and preserving maximum employment it already signaled at the July policy meeting. ‘The upside risks to inflation have diminished. And the downside risks to employment have increased.’ The Fed’s […]
27/05/2024

German Business Climate Worse Than Expected; Euro/Pound Under Pressure

The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last […]
07/09/2024

U.S. Inflation Print Expected to Tee Up First Fed Interest Rate Cut Since 2020

Headline U.S. inflation for August on Wednesday is expected to fall to 2.5% after dipping below 3% in July for the first time since 2021, setting up the U.S. Federal Reserve to cut interest rates for the first time since 2020. Falling gasoline prices likely accounted for much of that slowing, but we also expect […]