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In focus this week Today will be quiet on the data front, with no major releases scheduled. This week is expected to be calm before the storm of US elections, nonfarm payrolls and FOMC meeting all within the first week of November. On Tuesday, the Hungarian Central Bank will announce its rate decision, while investors […]

The post Today is Light on the Data Front appeared first on Action Forex.

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12/01/2024

Global Implications of a Soft U.S. Landing

Summary The continued resilience in U.S. activity has prompted a significant shift in our outlook for the U.S. economy. Our U.S. economics colleagues now believe the U.S. economy will avoid recession, achieve a “soft landing”, and experience continued expansion through 2025. This more resilient outlook for U.S. growth has implications for our global economic outlook. […]
15/02/2024

Will Canadian CPI Data Offer Loonie Any Support?

Inflation in Canada has been stuck above 3.0% since the summer The Bank of Canada is keeping rate hike option on the table Yet, the loonie has been on the backfoot versus the dollar this year Will Tuesday’s CPI data (13:30 GMT) put BoC’s inflation fight back on track? The long fight to get inflation […]
08/05/2024

Sunset Market Commentary

Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the currency’s moves. Ueda said a weak […]