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ECB meets on Thursday; a rate cut is expected Market will look for hints of back-to-back rate cuts A dovish rate cut could match expectations and push euro/dollar lower Decision will be announced on Thursday 12:15 GMT, press conference at 12:45 GMT A 25bps rate cut is expected On Thursday, the ECB will hold its […]

The post ECB to Make the First Move appeared first on Action Forex.

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31/07/2024

Canada’s Economy Advanced in May, Modest Growth Expected in June

The Canadian economy grew for a second consecutive month, up by 0.2% month-on-month (m/m). This print landed ahead of Statistics Canada’s advanced guidance and market expectations of a 0.1% m/m gain. The flash estimate for June points to a 0.1% m/m gain. May’s reading was broad-based, with output expanding in 15 of 20 industries. Goods-producing […]
24/04/2024

Canada: Retail Sales Registered Loss in February, Auto Sales Partially Recover

Retail sales declined by 0.1% month-on-month (m/m) in February, coming in weaker than Statistics Canada’s advance estimate for a 0.1% gain. January’s print was unchanged at -0.3% m/m. Adjusted for inflation, the volume of retail sales was down 0.3% in January after two months of gains. Sales at motor vehicle and parts dealers rose by […]
30/08/2024

EMU August Flash CPI Probably Will Confirm Yesterday Trends from Germany and Spain

Markets Fixed income and FX markets yesterday had to cope with a divergent message from EMU and US data. German and Spanish August headline inflation slowed more than expected (German HICP -0.2% M/M and 2.0% from 2.6% vs 2.2% expected, Spain 0.0% M/M and 2.4% Y/Y from 2.9%). This provides some comfort for the ECB […]