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US yields rebounded and major indices sold off yesterday as markets have priced in a beyond-reasonable amount of rate cuts from the Federal Reserve (Fed) for next year based on a soft-landing scenario. All eyes are on the US jobs data for some comfort… that may or may not come. Hangover Financial markets were feeling […]

The post Financial Markets Were Feeling Hangover From November Rally appeared first on Action Forex.

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26/04/2024

Weekly Focus – Rate Cut Expectations Pushed Back Further

It has been a volatile week for risk markets, once again mostly driven by expectations regarding the first rate cuts by the big central banks. Euro area PMIs came out much stronger than expected, and service sector output prices increased, raising a question of whether the ECB was too complacent when they basically pre-committed to […]
15/06/2024

Weekly Economic & Financial Commentary: Inflation Cools as Summer Begins

Summary United States: Inflation Cools as Summer Begins A bevy of soft inflation data for May fueled optimism that the Federal Reserve will begin cutting rates at the September FOMC meeting. On Wednesday, the May CPI data showed that consumer prices were unchanged in the month, the first flat reading for the CPI since July […]
18/01/2024

Bitcoin Price Turns Red And Could Revisit $40K

Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]