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Pound gains as BoE seen cutting rates late Economy improves but inflation may further slow A Labor victory could make the BoE’s job easier As rate cuts come forward, pound may weaken Sticky core inflation weighs on rate cut bets We are nearly halfway through 2024 and the pound is holding the first place among […]

The post Has Pound Rally Run Its Course? appeared first on Action Forex.

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15/05/2024

Sunset Market Commentary

Markets Both interest rate markets and the dollar held a wait-and-see mode this morning with EMU bonds slightly underperforming the US Treasuries. German ZEW investors sentiment again improved more than expected (expectations index from 42.9 to 47.1, the 10th consecutive improvement). This is not the most important input for the ECB, but it maybe marginally […]
19/09/2024

US DJIA: In Vogue Over SPX 500 and Nasdaq 100 as FOMC Looms

The Dow Jones Industrial (DJIA) has managed to print a fresh all-time high in September while the S&P 500 and Nasdaq 100 have yet to break above their July all-time highs. The US Treasury yield curve bull steepener has reinforced a defensive rotation play in the US stock market. Watch the key medium-term support of […]
15/05/2024

US: Small Business Optimism Index Improves in April

NFIB’s Small Business Optimism Index rose 1.2 points to 89.7 in April, beating market expectations for a 0.3-point decrease. This marked the first increase in the index in 2024. Seven of the ten subcomponents improved on the month, two deteriorated and one remained unchanged. The improving categories included expectations for higher real sales in six […]