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Markets The ECB and the Bank of England yesterday as expected left their policy rates unchanged at respectively 4% and 5.25%. Contrary to the Fed they didn’t ratify aggressive rate cut bets yet. In its new staff projections, the ECB downwardly revised its path inflation for this year (5.4% from 5.6%) and next year (2.7% […]

The post After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit appeared first on Action Forex.

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09/08/2024

Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts

Despite a stronger US Dollar yesterday, gold’s upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term outlook is supportive of gold prices as geopolitics, ETF flows and Central Bank Buying remain in […]
17/01/2024

Any Speculation on Time of BoE Rate Cuts Very Premature

Markets US yields yesterday started a catching up move after the rise in Germany on Monday. Contrary to last week, a poor NY Empire manufacturing survey this time was no pretext to push yields back lower. On the contrary, US yields were propelled higher by comments of Fed’s Waller as he provided a detailed analysis […]
25/03/2024

The Weekly Bottom Line: Counting Cuts

U.S. Highlights Markets let out a sigh of relief as the Fed’s Summary of Economic Projections reaffirmed expectations for three rate cuts this year. The Fed’s forecast for the economy is interesting, as it implies above trend growth in each of the next three years – despite interest rates that remain in restrictive territory. Forecasts […]