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In focus today Today, focus will remain on investors digesting the US election result. In addition, German political uncertainty has resurfaced (see below) and we are in for several important monetary policy decisions. We expect Fed to cut rates by 25bp to 4.75%, the BoE to cut by 25bp to 2.75%, the Riksbank to cut […]

The post Rate Decisions and German Politics Join US Election as Key Market Focus Areas appeared first on Action Forex.

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03/12/2024

Barnier Set to Face No-Confidence Vote

In focus today Several key data prints are due for release, led by the US October JOLTs labour turnover, an important measure of labour demand watched closely by the Fed. In the euro area, focus turns to the release of the final manufacturing PMIs for November. The prior flash release caused a large market reaction, […]
27/06/2024

Is France Headed for Political Stalemate and How Bad is this for Euro?

Far-right National Rally party maintains lead ahead of June 30 first round of votes But can it secure an absolute majority as left-wing alliance makes progress? A hung parliament might be the worst outcome for the euro France in political turmoil President Macron’s decision to call a snap legislative vote hot on the heels of […]
08/12/2023

Yen Pushes Higher, GDP Softer than Expected

Japan’s Q3 GDP revised lower to -2.9% Japanese yen gains ground but can’t consolidate US nonfarm payrolls expected to rise to 180,000 The Japanese yen continues to show strong swings. In the European session, USD/JPY is trading at 143.94, down 0.16%. Earlier, the yen gained as much as 1.1% but couldn’t consolidate and surrendered almost […]