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In focus today In Sweden, the Riksbank’s rate decision, a policy statement and a shorter policy report will be published at 09.30 CET. A press conference follows at 11.00 CET. There will be no new macro forecasts and no new rate path. A 25bp rate cut is – or should be – a done deal. […]

The post Rate Cut from Riksbank Should be a Done Deal appeared first on Action Forex.

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19/03/2024

Technical Outlook and Review

DXY: For DXY (US Dollar Index), the potential direction is bearish, aligning with the overall bearish momentum of the chart. There’s a possibility of a bearish reaction off the pivot level, leading to a drop towards the 1st support. The pivot at 103.64 is significant, marked by an overlap resistance and the presence of the […]
08/02/2024

A Modest Sliver Lining for China and Hong Kong Stock Markets

China’s CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y in December. The spread of PPI over CPI has widened which in turn may see a turnaround in the current […]
30/08/2024

Energy Base Effects to Drive EA August Inflation Down, Focus on Services Price Momentum

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