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Markets Markets on Friday were captured by a risk-off correction as headlines/rumours suggested an upcoming, direct strike of Iran against Israel. Especially US equities were hit, closing up to 1.62% lower (Nasdaq). For once, bonds also played their role as safe haven going into an uncertain weekend, reversing some short positioning that occurred after stickier […]

The post Markets Will Keep a Close Eye on Developments in Middle East appeared first on Action Forex.

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04/04/2024

US Stock Market Awaits the Publication of NFP And Unemployment Data

Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3: → non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for February was 275,000, according to FactSet. […]
03/01/2024

US Data in Focus

In focus today Today’s centre of attention will be the US. At 16:00 CET, ISM manufacturing and JOLTs are released. Consensus points to a modest uptick in ISM, though some early indicators suggest a print below 50 and thus still contracting. In respect of the jobs report on Friday, JOLTs will be key to follow. […]
09/03/2024

Weekly Focus – Rate Cuts on the Horizon

This week, we published our updated economic projections for the major economies and the Nordics, see Nordic Outlook – Return to Nordic growth, 5 March. While political risks remain high, the global economy is performing better than feared. The Nordic economies are currently in stagnation or mild recession, but our forecasts point to gradual return […]