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ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut As widely expected, the ECB left its three policy rates unchanged at today’s meeting, leaving its key policy rate (deposit rate) at 4%. Today’s meeting was expected to be a stocktaking meeting with no new policy signals and the ECB delivered just that. […]

The post ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut appeared first on Action Forex.

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07/06/2024

Canadian Dollar Eyes Can., US Job Data

The Canadian dollar has had a relatively quiet week and has ticked higher on Friday. In the European session, USD/CAD is trading at 1.3683, up 0.10%. We could see stronger movement from the pair in the North American session, when both the US and Canada release the May employment report. Canada’s job growth showed an […]
10/01/2024

Weakest Growth Since 1990s

The World Bank said yesterday that it expects growth to fall to 2.2% for the period that includes 2020 and 2024 and that’s the slowest 5-year period since 1990-1994. The slowing global growth expectations somehow keep the global yields subdued, but at 4% yield, the US 10-year bond is expensive and may not have much […]
28/06/2024

USD Losses Could be Balanced by Both Euro Caution and Tricky Risk Sentiment

Markets The US Treasury sell-off from Tuesday and especially Wednesday, ended with the early US eco data yesterday. Disappointing and weak durable goods orders (especially the series used for GDP calculations) and a significant downward revision for personal consumption (1.5% Q/Qa instead of 2%) in the final release of Q1 GDP directed a bid into […]