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Markets Triggered by Fed chair Powell ruling out a hike, then reinforced by sub-consensus payrolls & ISM’s and by an in-line easing of CPI earlier this week, the US Treasury rally grinded to a halt yesterday. That happened despite a slew of (secondary) US data disappointing to the downside (jobless claims, housing data, IP and […]

The post Chinese Data Showed a Mixed, Rather Unconvincing Picture appeared first on Action Forex.

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08/02/2024

Why Are Chinese Stocks Melting Down?

Chinese stock markets sink to lowest levels in five years Real estate crisis and other problems haunt investors Valuations are cheap, but more is needed for lasting recovery Chinese equities implode It’s been a tough few years for Chinese stock markets. Shares in mainland China have fallen to their lowest levels since 2019 as investors […]
12/01/2024

Will the UK Inflation Data Pour Cold Water on BoE Rate Cut Bets?

BoE highlights “higher for longer” message in December Yet, investors are penciling in aggressive rate reductions CPI inflation data for December could well impact that view The numbers are scheduled for Wednesday at 07:00 GMT Investors don’t pay attention to BoE’s signals At its December policy gathering, the Bank of England kept interest rates unchanged […]
13/05/2024

Sunset Market Commentary

Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan on Friday with a CNY 40bn 30-yr […]