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Markets January PMI surveys went from a moderating downturn with intensifying price pressures (EMU) over a recovery in the private sector gaining momentum coupled with higher input costs related to the Red Sea crisis (UK) to the Goldilocks combination of rapid output growth with cooling price pressure (US). The latter nevertheless came with the important […]

The post ECB Will Keep Key Parameters of Monetary Policy Unchanged appeared first on Action Forex.

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ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

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30/08/2024

BoC to Cut Rates Again Ahead of Pivotal U.S. Employment Report

We expect another 25-bps cut to the overnight rate (to 4.25%) from the BoC meeting next week to build on cuts already delivered in each of the prior two meetings in June and July. Comments from Governor Macklem will likely again err on the dovish side, continuing to emphasize a softening economic backdrop that makes […]
24/01/2024

Gold Price Recovery Faces Hurdles, Bitcoin Dives

Key Highlights Gold prices are struggling to recover above the $2,040 resistance. A key bearish trend line is forming with resistance near $2,040 on the 4-hour chart. Bitcoin price declined heavily and traded below $40,000. The US Manufacturing PMI could remain at 47.9 in Jan 2023 (Preliminary). Gold Price Technical Analysis Gold found support near […]
24/06/2024

Sunset Market Commentary

Markets It was a slow but constructive start of the week. The economic calendar had little to offer with the exception of the German Ifo indicator. Confidence fell in June from May with the headline series easing from 89.3 to 88.6. Both the current assessment (88.3) and the expectations (89.0) component fell short of expectations. […]