Logo-color Logo-white

The Federal Reserve (Fed) President Jerome Powell pushed back against the rate cut bets at his speech given in Atlanta last Friday. He is of course playing the card of ‘high for long’ rates to tame inflation, yet he hinted that the Fed will probably not hike rates when it meets this month. He said […]

The post Mixed Feelings appeared first on Action Forex.

previous

Gold Technical: Medium-Term Uptrend Remains Intact But Risk of Minor Pull-back

next

Investor Confidence Grows Amid Dropping Yields

Read More

09/05/2024

German Industrial Production Slide Brings Closer ECB’s Rate Cut

German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms for the last ten months. German industrial production peaked at the end […]
20/01/2024

Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December

Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported a loss of 0.2% in November, reversing course from last month’s robust 1.0% m/m […]
13/03/2024

Hotter-Than-Expected Inflation Will Likely Call for Caution at Next Week’s FOMC Meeting

Inflation in the US accelerated, not only in terms of monthly headline figure but everywhere, both core and headline, and both yearly and monthly figures came in hotter-than-expected. While gasoline prices counted among the major drivers of monthly inflation, shelter, electricity, used cars, air travel and clothes remained the major drivers of inflation on a […]