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NFIB’s Small Business Optimism Index rose 1.3 points to 91.9 in December, coming in above market expectations for a modest increase. Despite the increase, the index was still 6 points below its historical average of 98 points. Five of the ten subcomponents improved on the month, three deteriorated, and two remained unchanged. Leading the gains […]

The post  U.S. Small Business Optimism Improved Moderately at End of 2023 appeared first on Action Forex.

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Sunset Market Commentary

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26/04/2024

Sunset Market Commentary

Markets The yen showed some huge intraday swings today. USD/JPY rose beyond 156 and was moving quickly towards 157 next. A violent countermove then pushed it back to the 155 figure only to trade back at the highest level of the day (and 34 years) just south of 157. It’s the kind of move you […]
20/08/2024

EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts

Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared towards Fed Chairman Jerome Powell’s upcoming remarks at the Jackson-Hole symposium on Friday. Market […]
03/08/2024

Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now

Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession, or about to break yet another recession rule this unique cycle. […]