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Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early rises in yields and the dollar were largely reversed. The US yield curve closed with the 2-y 1.2 bps lower […]

The post Picture for EUR/USD Looks Fragile, With Return to 1.0335 Still Very Well Possible appeared first on Action Forex.

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15/10/2024

Fall in Unemployment Supports Pound, But Concerns Grow

The UK unemployment rate fell to 4.0% in August, the lowest since January, and went down from a peak of 4.4% in April and May. The data beat expectations and supported Sterling buying from intraday lows below 1.3040. Employment figures have been gaining momentum in recent months, with 373K more jobs created in July and […]
21/03/2024

Fed Review: Not as High, But for Even Longer?

The Fed made no changes to its monetary policy in the March meeting, as widely expected. Updated rate projections still signal three rate cuts this year, but 2025, 2026 and longer-term ‘dots’ we revised slightly higher. While Powell did not specify the timing, he suggested that the Fed is soon looking to slow down the […]
15/02/2024

Has Japanese Yen Missed the Recovery Train?

Yen down more than 6% against US dollar this year already Traders less confident Japan will raise rates, as inflation slows For the yen to recover, global economy needs to weaken Yen feels the blues Another year, another meltdown for the Japanese currency. A combination of worsening economic data and some cautious messages by the […]