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Cable jumped around 0.4% in European trading on Wednesday, lifted by above forecast UK December inflation data, which soured the sentiment about rate cut, pushing percentage of bets for rate cut by May significantly lower. Fresh gains move the price from dangerous zone after the price retested the floor of larger range at 1.2600 zone, […]

The post GBP/USD Putlook: Cable Jumped Around 0.4% in European Trading on Wednesday appeared first on Action Forex.

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Markets Scaled Back Expectations for March Fed Rate Cut to About 50%

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24/08/2024

Weekly Economic & Financial Commentary: The Time Has Come for Policy to Adjust

Summary United States: Homes Out of Range Chair Powell delivered a distinctively dovish speech this week at Jackson Hole. Elsewhere, a slew of housing data revealed that, although green shoots are sprouting, affordability issues continue to constrain the housing market. Meanwhile, another decline in the Leading Economic Index was a reminder that recession risks lie […]
06/09/2024

ECB Preview – Dialling Back, But Pace Ucertain

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]
04/06/2024

Bank of Canada Edges Closer to Rate Cut But Will it be in June?

Canadian inflation has been moving in right direction this year Investors have assigned a more than 80% probability of a June cut But will the BoC move before the Fed; decision is due Wednesday, 13:45 GMT The race to cut may be reaching the final hurdle As the race to cut rates reaches fever pitch, […]