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The New Year unsurprisingly kicked off with a hangover for both stock and bond markets, as investors began the year by closing their positions and taking profit following an impressive two-month rally that was boosted by the expectation that the Federal Reserve (Fed) would soon start cutting the interest rates and cut them thoroughly throughout […]

The post Reconsidering the Dovish Fed Expectations appeared first on Action Forex.

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Monday’s Focus Will Be on Inflation Data

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21/01/2024

The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut

U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023 on a sour note, with both new home construction and existing home sales falling in […]
10/07/2024

RBNZ Dovishness Hits Kiwi

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low for the week. The RBNZ expects inflation to return to the […]
05/06/2024

EUR/USD to Hold Below 1.09 Given the Risk of Euro Weakness

Markets The three-day Treasury rally morphed into a four-day advance yesterday. The common theme is some worry on (US) growth momentum. It all started last Thursday with downward revisions to Q1 GDP data (especially consumption). Slightly disappointing spending data on Friday, a steeper drop in new orders in the manufacturing sector on Monday and a […]