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Rising taxation has dragged on household incomes and spending. Even with expanding public demand, this has helped to lower the growth outlook for the next couple of years. This week we released our refreshed forecasts in our September Market Outlook (PDF 2MB) publication. While the short-run outlook is broadly the same, the balance of risks […]

The post Back to the (Slow) Grind? appeared first on Action Forex.

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12/08/2024

US CPI and Retail Sales Data to Test Fed Rate Cut Bets

Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Latest data ease recession fears Following the weaker-than-expected US employment report for July, market participants entered panic mode as recession […]
15/02/2024

Ethereum Price Exceeds $2,800

The last time the ETH/USD price was at this level was in May 2022, which was the start of a massive drop of more than 65% in 1.5 months. However, now the ETH/USD market is dominated by bullish sentiment, for the following reasons: → deployment of the Dencun update on the Ethereum network this month, […]
10/09/2024

Is EUR/USD Vulnerable Ahead of ECB Meeting…? DXY to Play a Major Role

The US Dollar Index (DXY) has rebounded since Friday’s jobs data release, driven by altered rate cut expectations. EUR/USD is particularly affected by the DXY recovery, with the Euro’s recent strength potentially waning due to poor German data and shifting rate cut expectations. The DXY’s technical analysis suggests further upside potential, with immediate resistance at […]