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Markets The post payrolls rise in US yields and by extension in yields on other core markets yesterday shifted into a lower gear. Uncertainty whether China (fiscal and monetary) stimulus would be able to kickstart a genuine reacceleration of Chinese growth also left European markets with a risk-off start and modestly lower yields. Sentiment temporarily […]

The post China Indices Suggest Ongoing Doubts of Efficacy and Amount of Stimulus appeared first on Action Forex.

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06/02/2024

Several Interest Rates, Both in US and EMU Testing or Nearing Top of Sideways Range

Markets Since last week’s Fed meeting, the combination of Fed speak and strong US data squeezed investors out of early easing bets and this move simply continued yesterday. The CBS 60 Minutes interview with Fed Chair Powell on Sunday (off script indication of first cut in June?) still resonated. Minneapolis Fed Kashkari reinforced Powell’s message […]
03/01/2024

GBP/USD Dips Again, 200 SMA Is The Key To Fresh Increase

Key Highlights GBP/USD started a downside correction from the 1.2825 resistance. It traded below a key bullish trend line with support at 1.2715 on the 4-hour chart. EUR/USD also corrected lower below the 1.1020 support zone. The US ISM Manufacturing Index could increase slightly from 46.7 to 47.1 in Dec 2023. GBP/USD Technical Analysis The […]
18/10/2024

BoC to Do Its Own Jumbo 50 Basis Point Interest Rate Cut

The Bank of Canada is expected to accelerate the pace of interest rate cuts with a 50-basis point reduction to the overnight rate to 3.75% from 4.25% on Wednesday. An underperforming Canadian economy had already pushed the BoC to lower interest rates earlier than most advanced economy central banks. Three consecutive 25 bps cuts that […]