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Market is still in monetary easing mode despite fewer rate cuts priced in across the board Divergent cut expectations for the Fed and the ECB, reflecting economic conditions The ECB and the BoC are seen cutting in July; the RBA might not cut rates this year BoJ is seen hiking again during 2024 The market […]

The post Market Continues to Price in a Plethora of Rate Cuts for 2024 appeared first on Action Forex.

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12/06/2024

US: Inflationary Pressures Cool More Than expected in May 

The Consumer Price Index (CPI) was flat in May, coming in below the consensus forecast calling for a modest gain of 0.1% month-on-month (m/m). On a twelve-month basis, CPI edged lower by 0.1 percentage points to 3.3%. Energy prices dipped by 2.0% last month, largely due to lower prices at the pump (-3.5% m/m). Food […]
29/11/2023

NZD/USD: RBNZ Fired a Hawkish Missile

RBNZ has maintained the OCR at 5.50% for the fourth consecutive time and matched market consensus. Hawkish forward guidance by RBNZ where its latest projected terminal rate of the OCR has been revised upwards to 5.69% (Sep 2024) from 5.57% projected earlier in the August 2023 MPS. The Kiwi rallied by +0.90% intraday against the […]
15/01/2024

DPP Secures Presidency in Taiwanese Election

In focus today Today, the US election year kicks off with the Iowa Republican Caucuses. Prediction markets see Trump as the clear favourite to win the Republican candidacy, and he is projected to win over half of all votes in Iowa according to the latest polls. The Iowa caucuses are often seen as a bellwether […]