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Markets The US market needle again points in the direction of a December rather than a September (50% probability from 85%) Fed policy rate cut after Friday’s consensus-beating payrolls. 272k net job growth and accelerating wage growth (0.4% M/M & 4.1% Y/Y) triggered a massive sell-off in US Treasuries. Daily changes on the US yield […]

The post French Election Risk Likely to Keep Euro Under Pressure in the Build-up appeared first on Action Forex.

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09/01/2024

Japanese Yen Shrugs as Tokyo Core CPI Slows

Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down 0.09%. Tokyo Core CPI dips to 2.1% Tokyo Core CPI rose 2.1% y/y in December, down from 2.3% in November and matching the estimate of 2.1%. This […]
02/01/2024

Euro Extends Losses after Weak PMIs

Euro slips below 1.10 line German and eurozone manufacturing PMIs contract The euro is down sharply on Tuesday. In the European session, EUR/USD is trading at 1.0969, down 0.62%. The euro hasn’t posted a gain since Wednesday. The US dollar has hit a rough patch on market expectations that the Federal Reserve will cut rates […]
17/05/2024

S&P 500 Index Hits Record High Amidst Lower Inflation

The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier. Inflation has recently been a critical driver of market volatility, thus its stabilisation […]