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The second big surprise of the week came from the Swiss National Bank (SNB). The Swiss cut the interest rate by 25bp to 1.5% yesterday, in a surprise move and became the first major central bank to cut rates. The Swiss 10-year yield fell to 65bp and franc lost against the dollar and the euro. […]

The post A Week Full of Surprises appeared first on Action Forex.

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08/08/2024

It Will Take More for RBA to Move: First Rate Cut Later, a Faster Decline a Risk

We have revised our view to an expectation that the RBA will first start cutting rates at the February 2025 meeting, and end at 3.35%. There are risks on both sides of this forecast. As we noted yesterday, the RBA Governor all but ruled out cutting rates this year. This runs counter to our earlier […]
03/07/2024

Fed Doves in Charge Before Friday’s All-Important Official Jobs Data

Federal Reserve (Fed) President Jerome Powell said that the Fed has made ‘quite a bit of progress’ on inflation and investors didn’t need more to jump back on the back of a bull. The S&P500 closed at a record high again, while Nasdaq 100 hit the 20’000 mark for the first time in history. Tesla […]
08/03/2024

Canada’s Labour Market Adds Jobs in February, Weak Underlying Details

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