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Investors see decent chance of another 50bps cut in November Fed speakers, ISM PMIs and NFP to shape rate cut bets Eurozone CPI data awaited amid bets for more ECB cuts China PMIs and BoJ Summary of Opinions also on tap Will the Fed opt for a back-to-back 50bps rate cut? Although the dollar slipped […]

The post Week Ahead – NFP on Tap Amid Bets of Another Bold Fed Rate Cut appeared first on Action Forex.

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24/05/2024

Japanese Inflation Falling Towards BoJ 2% Inflation Target

Markets Core bonds fell yesterday with German Bunds marginally underperforming US Treasuries. A solid European May services PMI (unchanged at 53.3) and an improving manufacturing one (47.4 from 45.7) coupled with record-matching Q1 wage negotiations (picking up from 4.5% to 4.7%) hurled German yields between 4.2 and 7.4 bps higher. The front of end of […]
21/03/2024

Technical Outlook and Review

DXY: For DXY, in alignment with the overall bullish momentum of the chart, there’s a potential scenario indicating a bullish bounce off the pivot level, possibly leading towards the 1st resistance. The pivot at 103.04 serves as a significant pullback support, reinforced by the 61.80% Fibonacci Retracement, suggesting a level where buying interest may emerge, […]
04/06/2024

Nordic Outlook: Inflation Have Been Stronger Than Expected

In focus today This morning, we published our latest edition of Nordic Outlook in which we take a closer look at the major economies. We see that growth and inflation have been stronger than expected, pointing to fewer interest rates cuts delivered at a slower pace. In the Nordic countries the picture is more mixed, […]