Logo-color Logo-white

BoE maintains more hawkish stance than Fed, ECB Despite recession in H2 2023, rate cut bets were not altered January data suggests the economy may have turned a corner With general elections looming, what’s next for the pound? UK enters recession in H2 2023 Despite dropping its tightening bias at its February gathering, the Bank […]

The post How Does a UK Recession Affect the Pound’s Fate? appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: Central Banks on Hold for Longer?

next

NZDJPY Wave Analysis

Read More

10/04/2024

USDJPY Flirts With Intervention Zone

USDJPY trades sideways a tad below 152.00 This level was protected by Japanese authorities in 2022 Momentum indicators approach overbought conditions USDJPY has been in a steady uptrend after finding its feet at the 200-day simple moving average (SMA) in early March. In the near-term, the pair has been trading flat after posting a fresh 34-year high of 151.95, […]
05/09/2024

Strange Familiarity

US equities remained under pressure yesterday after the JOLTS report revealed that the US job openings unexpectedly fell further in July to the lowest level since 2021. The factory orders on the other hand jumped 5%, more than expected, during the same month – a welcome addition to the jolts figure that could partly tame […]
12/06/2024

Fed Can End US Indices’ Divergence

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index is above 19200, adding 0.7% over the last day and adding 16.1% YTD. Futures are […]