Logo-color Logo-white

Markets The US was at the center of attention yesterday with the August inflation figures. The spotlights today were aimed at Frankfurt. The European Central Bank delivered on the widely expected 25 bps rate cut that brought the deposit rate at 3.5%. It cut the MRO and MLF rates by 60 bps (3.65% and 3.90% […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

AUD/USD Edges Higher as Inflation Expectations Eases

next

European Central Bank Continues Carefully Along Its Rate Cut Path

Read More

07/08/2024

Preview of RBNZ: Nearing the Finish Line – But Not Quite There Yet

We expect the RBNZ will leave the OCR at 5.5% at the August Monetary Policy Statement. We expect a significant revision in the forward view for the OCR consistent with potential easing in October and November, leaving the year end OCR at 5%. We also expect significant downward revisions to the 2025 and 2026 OCR […]
06/09/2024

August Employment: Size of September Rate Cut Remains Unsettled

Summary The August employment report indicated that while the jobs market is not unraveling, it continues to clearly weaken. Employers added 142K jobs in August, which was a bit less than expected, but came on the heels of another significant downward revision to prior months’ hiring. Over the past three months, employers have added 116K […]
22/04/2024

April Flashlight for the FOMC Blackout Period: Waiting for Godot?

Summary We share the market’s overwhelming expectation that the Federal Open Market Committee (FOMC) will leave the fed funds target rate unchanged at 5.25%-5.50% at the conclusion of its April 30-May 1 meeting. Stubborn inflation and resilient economic activity through the first few months of the year have left the FOMC little reason to ease […]