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Markets Interest rate markets were looking for a new short-term equilibrium for the post-Jackson Hole era yesterday. Early in the session, yields tried to build on Friday’s decline as Fed Chair Powel officially rubberstamped the start of a genuine rate cut cycle in September while leaving all options open on the pace of easing. However, […]

The post Interest Rate Markets Looking for New Short-Term Equilibrium appeared first on Action Forex.

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02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]
01/04/2024

Gold Wave Analysis

Gold rising inside weekly impulse wave 3 Likely to rise to resistance level 2300.00 Gold rising inside the sharp weekly impulse wave 3, which recently broke the resistance trendline of the daily up channel from November. The breakout of this up channel coincided with the breakout of the key resistance level 2200.00, which stopped the […]
04/04/2024

US Stock Market Awaits the Publication of NFP And Unemployment Data

Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3: → non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for February was 275,000, according to FactSet. […]