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Markets US Treasuries sold off yesterday after sticky February US CPI inflation data. Headline inflation accelerated from 0.3% M/M in January to 0.4% M/M with core inflation sticking at that 0.4% M/M pace for a second month running. The Fed’s so-called super-core inflation which zooms in on core services excluding shelter, rose by 0.5% M/M. […]

The post Risks for Next Week’s FOMC Meeting Seem Tilted to the Hawkish Side appeared first on Action Forex.

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12/10/2024

ECB Preview – Acknowledging Downside Weakness = A Rate Cut

At next week’s ECB meeting on 17 October we expect the ECB to deliver yet another rate cut of 25bp, bringing the deposit rate to 3.25%. Weaker-than-anticipated growth indicators, as well as a decline in inflation, support the case for another rate cut from the ECB. Since the US labour market report last week, markets […]
10/05/2024

Canada’s Labour Market Explodes Higher in April

The Canadian labour market gained 90.4k positions in April, with full-time employment up 40.1k and part-time employment up 50.3k. The unemployment rate was unchanged at 6.1% and the participation rate rose 0.1 percentage point to 65.4%. Employment by sector showed gains in professional, scientific and technical services (+26k), accommodation and food services (+24k), health care […]
18/12/2024

Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall?

Gold prices have dropped due to increased US Treasury yields, profit-taking, and the anticipation of a less dovish Fed outlook for 2025. The upcoming Fed meeting and its economic projections, especially regarding rate cuts, will significantly impact gold prices. India’s gold imports are expected to decline in December due to a lack of festivals and […]