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Summary of Election Results & Financial Market Reaction As of 11 AM ET, Donald Trump has secured 277 of the 538 Electoral College votes, becoming the 47th president. While ballots are still being counted, President Trump also looks to have won the popular vote, which has not happened for a Republican president since George W. […]

The post Markets Brace For Higher Inflation and Interest Rates Under President Trump appeared first on Action Forex.

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10/04/2024

Markets in Waiting Position for US March CPI

In focus today Today’s focus will be on the US March CPI, where we forecast both headline and core inflation at +0.3% m/m SA. Higher oil prices continue to lift headline inflation, but the Fed focuses more on the underlying price pressures, not least after concerning upticks in services inflation and strong labour market in […]
26/08/2024

Germany’s Weakening Business Climate Cooled But Unlikely to Turn Euro Around

Germany’s business climate Germany’s business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of decline, but better than the forecast of 86.0. Both the expectations and components of the current conditions fell. This is potentially negative news for the single […]
27/08/2024

XNG/USD: Natural Gas Price Hits 2.5-Week Low

As shown on the XNG/USD chart, today, the price of natural gas fell below $2.16 for the first time since 8 August. Bearish sentiment is being driven by the fact that: → This is the last week of summer. Gas consumption typically decreases in mid-September as the use of air conditioning declines; → Gas storage […]