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Markets Core bonds eked out some gains yesterday ahead of the ECB meeting and US data including retail sales and jobless claims scheduled for release today. Bunds outperformed Treasuries with yields losing around 4 bps across the curve. US yields lost between -0.8 (2-yr) and -2.4 bps (30-yr). Gilts rallied after September CPI decelerated more […]

The post ECB Expected to Cut Rates by 25 bps to 3.25% appeared first on Action Forex.

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10/09/2024

Gold Coming Out of Elliott Wave Triangle

On a higher degree time frame, we see gold coming higher into a fifth wave, but it may take some time before it finds the top, as we see an unfinished lower degree impulse. Gold remains in strong and impulsive five-wave bullish cycle on a daily chart and there’s space for more upside, we will […]
02/04/2024

EURUSD Gets Set to Go

The slowdown in German inflation is fuelling hopes that the ECB will ease policy in the coming months. German CPI rose 0.4% m/m, weaker than the 0.5% expected. Annual inflation slowed from 2.5% in February to 2.2% in March, the lowest since May 2021. Germany’s reading is a useful guide to what to expect in […]
30/01/2024

Could BoE Maintain Its Hawkish Stance?

The BoE meets on Thursday but low expectations for significant announcements Quarterly projections could support market expectations for rate cuts Pound would benefit against the US dollar from a hawkish BoE meeting First rate-setting meeting for 2024 The Bank of England holds its first gathering for 2024 on Thursday at 12:00 GMT, a day after […]