Logo-color Logo-white

The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been gaining momentum since October, is at risk of reversing. The composite index fell from 52.2 to 50.8, contrasting unpleasantly with […]

The post Downside PMI Surprise Brought the Euro Closer to the Critical Zone appeared first on Action Forex.

previous

USDCAD: Rising Opportunity

next

Week Ahead – US PCE Inflation the Highlight of a Relatively Light Agenda

Read More

26/01/2024

Sunset Market Commentary

Markets The key events to watch today were the ECB policy decision and important US data. The main conclusion of the latter is that they, once again, underscore the resilience of the world’s largest economy. Quarterly growth in the last three months of 2023 came in at 3.3%, easily beating a 2% estimate. Beneath the […]
03/05/2024

After Hawkish Fed Repositioning During April, Short Term Market Risks Skewed Towards Dovish Side

Markets A dovish Powell – or the absence of a hawkish one – lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of (second tier) economic data left neither significant nor permanent marks. US yields eased between 2.1 (30y) and 8.8 bps (2y). […]
07/02/2024

What Now for US Dollar After Rate Cut Delay?

US dollar re-energized as strong data, hawkish Fed dent early rate cut bets American economy still churning out new jobs, shows no signs of cracks Will hot economy scupper the Fed’s plan to ease policy this year? From recession fears to overheating risk The US dollar may have ended 2023 on a bearish note as […]