Logo-color Logo-white

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 […]

The post ECB Preview – Acknowledging Downside Weakness = A Rate Cut appeared first on Action Forex.

previous

What’s in Store for Gold in Q4?

next

Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Read More

19/12/2024

RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR

The OCR looks set to end 2025 at 3.25% – lower than previously thought. We continue to see a 50bp cut in February but now think it will be followed up with 25bp cuts in April and May 2025. GDP printed sharply lower in Q2 and Q3 2024 – falling a cumulative 2.1%. The RBNZ […]
25/07/2024

AUD/USD Outlook: Steep Downtrend Breaks Below the Base of Thick Daily Cloud

Steep fall extends into the ninth consecutive day and accelerated on Thursday (down 0.85% in Asian / European session), hitting the lowest levels since early May and being on track for the biggest weekly loss since mid-June 2023. Break of 0.6580 pivot (200DMA/ 50% retracement of 0.6362/0.6798) accelerated existing downtrend through next key supports at […]
12/04/2024

Dollar Holds Better Cards Against Both Euro and Pound

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat for a little […]