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Markets Investors yesterday continued to adapt positions in the wake of Friday’s impressive payrolls beat. The Fed recently indicated that inflation has cooled enough to the turn the focus to supporting growth and protecting a strong labour market. However, Friday’s payrolls and other US data of late are raising the question whether/how much support the […]

The post Markets Apparently Not Convinced Measures Able to Profoundly Change Fortunes for Chinese Economy appeared first on Action Forex.

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01/08/2024

Confidence Grows Amongst FOMC Members

The scene is set for a September first cut by the FOMC. The underlying inflation trend warrants a series of cuts at a measured pace to a 3.375% terminal by mid-2026. At the July meeting, the FOMC kept rates steady but stated that the economy is moving closer to the point at which it will […]
08/01/2024

EUR/USD Holds Support But Can It Recover?

Key Highlights EUR/USD declined and retested the 1.0880 support zone. It traded below a key bullish trend line at 1.0900 on the 4-hour chart. GBP/USD is attempting a fresh increase above the 1.2650 resistance. USD/JPY climbed higher above the 143.20 resistance zone. EUR/USD Technical Analysis The Euro started a fresh decline from the 1.1140 zone […]
12/10/2024

ECB Preview – Acknowledging Downside Weakness = A Rate Cut

At next week’s ECB meeting on 17 October we expect the ECB to deliver yet another rate cut of 25bp, bringing the deposit rate to 3.25%. Weaker-than-anticipated growth indicators, as well as a decline in inflation, support the case for another rate cut from the ECB. Since the US labour market report last week, markets […]