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Markets Since last week’s Fed meeting, the combination of Fed speak and strong US data squeezed investors out of early easing bets and this move simply continued yesterday. The CBS 60 Minutes interview with Fed Chair Powell on Sunday (off script indication of first cut in June?) still resonated. Minneapolis Fed Kashkari reinforced Powell’s message […]

The post Several Interest Rates, Both in US and EMU Testing or Nearing Top of Sideways Range appeared first on Action Forex.

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18/04/2024

WTI: Oil Prices Fall Further on Rising Demand Concerns

WTI oil price dips further in early Thursday, in extension of previous day’s 3% drop (the second biggest daily loss in 2024) and hit new three-week low. Stronger than expected rise in US crude inventories (EIA report) further raised concerns about oil demand, while fears about escalation of the conflict in the Middle East faded, […]
15/12/2023

Bank of Japan Meeting: Another Baby Step to Exiting Negative Rates?

Despite heightened rate hike speculation, BoJ to likely stand pat in December No change is anticipated either in yield curve control But yen traders will be seeking fresh clues in Tuesday’s announcement BoJ still to join the rate hike club  The Bank of Japan is the only major central bank that has not yet raised […]
17/07/2024

RBNZ to Deliver Some Pre-Xmas Cheer in November

Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. We now see […]