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Markets European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, the analysis on inflation is turning softer. Several members including Bank de France governor Villeroy showed growing confidence that inflation, after a technical uptick in […]

The post EUR/USD Rebounded from 1.0831 appeared first on Action Forex.

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15/01/2024

Mixed Feelings

The US stock markets ended last week on a cautiously positive note. Friday’s producer price inflation came as a certain relief to inflation worries as the latest data showed an unexpected contraction in the monthly figure. The jump in oil prices, following the US and UK airstrikes in areas in Yemen controlled by the Houthis, […]
20/09/2024

Fed Starts at a Sprint, But the Finish Line is Uncertain

The US Federal Reserve has chosen a ‘sprint first, then dawdle’ approach to rates normalisation. Dawdling makes sense given the neutral rate is uncertain and probably higher than pre-pandemic. The US Federal Reserve has started its cutting cycle with an outsized 50 basis point move. This was larger than what we had expected, though the […]
30/01/2024

Major Altcoins Leading Crypto Recovery

Market picture The cryptocurrency market has added over 2% in the last 24 hours. Bitcoin gained 3% during this time, Ethereum rose 1.75%, while Solana and Cardano outperformed the market, adding 5.7% and 8.3%, respectively. The outperformance in major altcoins points to a broadening of participant interest beyond the two largest coins. But don’t expect […]