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Markets The EU economy avoided a recession in 2023H2 (0.0% q/q growth in Q4) thanks to southern Europe while inflation readings from Spain (and Belgium) showed price pressures reaccelerating. The latter pushed euro area yields higher, with changes in Germany amounting to 2.6-3.8 bps across the curve. Consumer confidence in the US (Conference Board), meanwhile, […]

The post Risk is Fed Powell Doesn’t Want to Sound Too Hawkish appeared first on Action Forex.

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23/08/2024

All Eyes on Powell’s Jackson Hole Speech Today

In focus today The annual Jackson Hole Economic Policy Symposium organized by the Kansas City Fed continues today and runs until Saturday. Today markets pay the closest attention to the Fed chair Powell’s speech which is due at 16.00 CET. Markets pay close attention to Powell’s assessment of the current state and monetary policy, and […]
18/04/2024

EURGBP Wave Analysis

EURGBP reversed from strong support zone Likely to rise to resistance level 0.8585 EURGBP currency pair recently reversed up from the strong support zone surrounding the powerful support level 0.8515, which has been reversing the price from last June. This support zone was further strengthened by the lower daily Bollinger Band. Given the strength of […]
04/09/2024

US Equities Dip Again: When to Buy?

US equity markets have been hit by a sell-off, with the Nasdaq100 down more than 3% and the S&P500 down more than 2%, the biggest drop in almost a month. Nvidia’s share price fell more than 10% as the antitrust investigation intensified. The VIX index spiked 45% to 22.6, as it did in early August. […]