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September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. […]

The post Bad News is Bad News appeared first on Action Forex.

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19/02/2024

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

Summary United States: Little Love in January Data Economic data were stuck in the doldrums this week, highlighted by a hot January CPI print. The out-of-consensus start to the year for economic data continued with a slip in retail sales and industrial production followed by a startling 14.8% drop in housing starts during January. Next […]
30/11/2023

Focus Turns to EA and US Inflation

Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation gauge is released. Consensus expects the PCE core to slow down to 0.2% m/m SA, mirroring a similar decline in […]
08/03/2024

Opposing Perspectives on China’s Path to Prosperity

China’s National People’s Congress for 2024 and the market response again highlighted how far apart the views of China’s authorities and global investors are on both the current health of the economy and the way to achieve long-term prosperity. China’s 2024 National People’s Congress met expectations with respect to key policy actions, but disappointed in […]