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The latest US CPI data, and the reaction to data was mixed on Wednesday. The good news is that the headline inflation fell from 2.9% to 2.5% in August, and sank significantly below the 3% level where it was resisting since last summer. The drop in food and energy prices helped easing pressure in the […]

The post ECB Meets as Fed Doves Wave Goodbye to Jumbo Cut appeared first on Action Forex.

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08/03/2024

Focus Turns to the US and Nonfarm Payrolls

In focus today In the US, we get the February jobs report today. We see downside risks to the non-farm payrolls and expect employment growth of +180k and see average wages to have risen 0.2% m/m seasonally adjusted. Whilst February data points received thus far have been mixed, we expect labour market conditions to gradually […]
15/01/2024

DPP Secures Presidency in Taiwanese Election

In focus today Today, the US election year kicks off with the Iowa Republican Caucuses. Prediction markets see Trump as the clear favourite to win the Republican candidacy, and he is projected to win over half of all votes in Iowa according to the latest polls. The Iowa caucuses are often seen as a bellwether […]
10/07/2024

Crypto Market Looks to Return to Growth

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous local highs, which is promising. Bitcoin gained 3.2% in 24 hours as it […]