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The Bank of England and the European Central Bank both left rates on hold on Thursday but unlike following the announcement of their counterparts in the US, there were no fireworks. Of course, it’s worth noting that the press conference is yet to happen so fireworks may fly when President Lagarde speaks but the announcement […]

The post A Hawkish BoE Followed by An Uneventful ECB Announcement appeared first on Action Forex.

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25/04/2024

ECB’s Schnabel identifies services inflation as primary concern

ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the persistent inflation within the services sector, which remains stubbornly high. Schnabel emphasized the importance of closely monitoring unit labor costs. […]
05/11/2024

SPX 500: Downside Tail-Risk Protection Activities Prevail on the Eve of US Presidential Election

The VIX (the implied volatility of the S&P 500) has inched higher above the 20 level in the pastour sessions. The VVIX/VIX ratio has moved lower since 16 September, and past data suggests a potential short to medium-term corrective decline in the S&P 500. Watch the key intermediate support of 5,675 on the S&P 500. […]
27/07/2024

Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]