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A week packed with central bank decisions starts on a mixed note after hotter-than-expected US inflation sent the US 2-year yield around 25bp higher over the week and the 10-year yield spiked past the 4.30% mark. Stocks resisted to higher yields for the major part of the week, but the mood was not brilliant on […]

The post Yen Surprisingly Weakens into BoJ Decision appeared first on Action Forex.

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19/06/2024

NZ Dollar Eyes First-Quarter GDP

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6138, down 0.10% in the European session at the time of writing. US markets are closed for a holiday. New Zealand will release first-quarter GDP early on Thursday. Is New Zealand still in recession? There is some uncertainty over what to expect from […]
04/04/2024

Euro, Sterling Bears Bulldozed by Fed Doves

Federal Reserve (Fed) Chair Jerome Powell reiterated yesterday that the Fed is not in a rush to cut rates but that it will cut sometime this year and that the recent jump in inflation didn’t ‘materially’ change their policy outlook. The latter was enough to send the market higher with joy. On the data front […]
21/05/2024

PMIs in Focus This Week

In focus today Today, we look out for several Fed speakers as Williams, Barkin, Barr, Bostic and Waller are all speaking. In Denmark, we get Q1 preliminary GDP figures, which we expect to be unchanged compared to the very impressive Q4 figures of last year. Further, refinancing auctions of mortgage loans will have the Danish […]