Logo-color Logo-white

The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%. An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength. Watch the key levels of 83.80 and 91.60 on the NZD/JPY. Since our […]

The post NZD/JPY Technical: Another Potential Falling Knife as Fed and BoJ Looms Next Week appeared first on Action Forex.

previous

DAX 40 Reacts Positively to ECB’s Rate Cut Decision

next

The U.S. Fed Will Finally Start Cutting Interest Rates

Read More

26/08/2024

EUR/USD Dips as German Business Climate Falls

The euro is in negative territory on Monday. In the European session, EUR/USD is trading at 1.1156 at the time of writing, down 0.32% on the day. The euro posted strong gains on Friday, rising 0.73% and breaking above 1.12 for the first time since July 17. Dollar slides after Powell says Fed ready to […]
05/12/2023

Sunset Market Commentary

Markets US JOLTS job openings and the services ISM (both still to be published at CET 16:00) and to a lesser extent the ECB consumer expectations survey were supposed to provide some guidance as to whether recent decline in yields could finally slow down. Markets had frontloaded expectations on a first Fed and ECB rate […]
29/05/2024

German Inflation in the Spotlight Ahead of Friday’s Euro Area Print

In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the “German ticket”, which lowered prices on public transportation in May […]