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Markets The ECB kept its policy rates unchanged yesterday with President Lagarde saying that the outcome of the September meeting is “wide open”. The only sure thing is that they’ll lower the spread between the deposit rate and the main refinancing rate from currently 50 bps to 15 bps, as announced in March. Apart from […]

The post ECB Meeting Non-Event from Market Point of View appeared first on Action Forex.

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24/06/2024

French Elections Coming Up

In focus today The week kicks off in a quiet fashion in terms of data. The German Ifo business sentiment index will most likely mirror the weakness seen in last week’s PMIs. We have a string of ECB speeches throughout the day with high-influence members such as Schnabel, Villeroy and Nagel on the wire. The […]
14/12/2023

Fed Holds Rates, Signals More Rate Cuts in 2024

The Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 5.25% to 5.50% range and announced it would continue its balance sheet runoff. The Fed adjusted its language to acknowledge the recent easing in economic data, stating “recent indicators suggest that growth of economic activity has slowed from its strong pace […]
04/09/2024

Can Gold Prices Surge to New All-Time Highs by Year End?

Gold increases 21% so far this year US data and geopolitical tensions are driving gold Bigger picture remains strongly positive Gold still soaring in long-term view Gold has been performing remarkably well so far this year, with a gain of 21% and a record high of $2,531 on August 20. The impending release of US economic data, increased geopolitical tensions, and hints […]