Logo-color Logo-white

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]

The post ECB Preview – Dialling Back, But Pace Ucertain appeared first on Action Forex.

previous

Sunset Market Commentary

next

US: Despite Broader Growth Concerns, Service Sector Improves

Read More

15/08/2024

Nasdaq 100: Bears May Still Be Lurking Around the Corner

The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio may see another potential spike in the VIX. Watch the 19,230 key short-term resistance on the Nasdaq 100. In July, […]
10/07/2024

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish […]
20/03/2024

Bitcoin Price Drops Below $65K, Fed Rate Decision Next

Key Highlights Bitcoin price started a downside correction below $70,000 and $68,000. A key bearish trend line is forming with resistance at $65,800 on the 4-hour chart. USD/JPY rallied following the Bank of Japan’s (BoJ) first historic interest rate hike. EUR/USD and GBP/USD also saw bearish moves. Bitcoin Price Technical Analysis Bitcoin price started a […]