Logo-color Logo-white

Today, the ECB decided to keep policy rates unchanged, as unanimously expected by markets and analysts. The new staff projections saw a downward revision of the 2024 projection across growth, headline and core inflation. For 2025, the ECB revised down the projections for 2025 by 0.1pp and 0.2pp for headline and core respectively. Core inflation […]

The post ECB Review: June Cut is Coming appeared first on Action Forex.

previous

Canada’s Trade Accounts Register a $496 Million Surplus in January

next

Cliff Notes: Waiting in Anticipation

Read More

12/06/2024

NZDUSD Recoups Post-NFP Slide

NZDUSD surges to its highest since March 8 But undergoes a setback after strong NFP report Oscillators ease but remain in positive zones NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April, posting a fresh three-month high last week. Although the pair came under severe selling pressure on Friday due to […]
03/02/2024

Weekly Economic & Financial Commentary: A March Rate Cut Bites the Dust

Summary United States: A March Rate Cut Bites the Dust It was a busy week for economic data, but Friday’s employment report stole the show. Nonfarm payrolls rose 353K in January, almost double the consensus expectation. While we suspect the Federal Reserve will put more weight on the Employment Cost Index’s soft reading on labor […]
22/03/2024

Sudden Weakening of Chinese Yuan Stands Out in Asian Dealings

Markets German Bunds outperformed US Treasuries yesterday. The front end lost up to 5 bps with longer maturities easing between 1.1 and 2.7 bps. Aside from catching up with post-Fed US markets, it also followed yesterday’s PMI readings. While slightly better on the account of services (51.1), easing price pressures (be it from elevated levels) […]