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ECB meets on Thursday; markets expect a 25bps rate cut Lots of reasons for a pause, including the lack of staff projections But the ECB might choose to avoid disappointing the markets The euro could really benefit from a rate pause  ECB meets on Thursday The ECB will hold its penultimate meeting for 2024 on […]

The post ECB to Cut Rates Despite Plethora of Reasons for a Pause appeared first on Action Forex.

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09/12/2023

Weekly Economic & Financial Commentary: Global Central Banks Holding Steady

Summary United States: The Machine of a Dream Nonfarm payrolls increased 199K in November, and the unemployment rate fell 0.2 percentage points to 3.7%. The decline in the already historically low unemployment rate suggests that while the labor market is cooling, it remains exceptionally tight. Next week: Consumer Price Index (Tue.), Retail Sales (Thu.), Industrial […]
21/06/2024

GBP/USD Shrugs Despite Sparkling Retail Sales

The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of […]
24/04/2024

GBPUSD Bounces Off 1.2300 But Remains at Risk

GBPUSD posts new 5-month low Price holds in bearish tendency MACD and stochastics suggest upside move GBPUSD is recovering from the five-month low of 1.2300 that was posted on Monday and is heading towards the restrictive region of 1.2495-1.2520. The pair has started a bearish tendency since the price peaked at 1.2892 in the short-term […]