Logo-color Logo-white

Markets Wednesday’s Fed dots & Powell’s press conference brought a diffuse message, hampering an unequivocal market reaction. Higher/above neutral growth, a material uplift in especially this year’s inflation forecast and the unemployment rate holding below NAIRU contrasted with the interest rate dots confirming the scenario of 75 bps rate cuts this year. Powell at the […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

SNB First G10 Bank to Cut Rates

next

Canadian Dollar Dips as Retail Sales Disappoint

Read More

10/09/2024

Cautious Rebound in Cryptos

Market Picture The turnaround in sentiment on the US markets saw the crypto market capitalisation rise by 3.2% in 24 hours to reach $2 trillion. However, it is too early to talk about a reversal in growth, as this level could prove resistant to intensified selling. The Cryptocurrency Sentiment Index rose to 33, the highest […]
14/08/2024

AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data

AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies are bullish on daily chart (rising positive momentum / MA’s turning to bullish setup) with strong bullish […]
25/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on a per-person basis contracted for a seventh consecutive quarter. We look for an annualized 2.5% increase in Q1 GDP from […]