Logo-color Logo-white

Markets The announcement that Chinese Finance Minister Lan Fo’an will hold a briefing on fiscal policy on Saturday to shore up growth only briefly supported Chinese stocks. They succumbed into the close, ending 6% to 8% lower. Unlike yesterday, this Chinese setback didn’t hurt general risk sentiment. Key European stock markets are currently mixed. US […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

USD/JPY Eyes Fed Minutes

next

Gold Starts Correction: Is The Rally Cooling Off?

Read More

22/08/2024

Euro Edges Lower on Mixed Eurozone PMI

The euro is steady on Thursday. In the European session, EUR/USD is trading at 1.1136 at the time of writing, down 0.11% on the day. Eurozone services accelerates, manufacturing dips down There was mixed news from the eurozone PMIs, which provide a monthly report card for the services and manufacturing sectors. The services PMI climbed […]
19/02/2024

NZD: The Week Ahead

Commerzbank’s analysis suggests a brighter outlook for the New Zealand Dollar (NZD) in the coming months despite recent downward pressure. Factors like broader U.S. Dollar strength and domestic issues have kept the NZD below last year’s highs. However, robust labor markets in both New Zealand and Australia and an expected stabilization of Chinese economic growth […]
13/05/2024

NZ First Impressions: RBNZ Survey of Expectations, Q2 2024

Inflation expectations have continued to fall. That will help to quell the RBNZ concerns about the longer-term inflation outlook. Inflation expectations One year ahead:  2.73% (Prev: 3.22%, down 49 points) Two years ahead:  2.33% (Prev: 2.50%, down 17 points) Five years ahead:  2.25% (Prev: 2.25%, unchanged) Ten years ahead:  2.19% (Prev: 2.16%%, up 3 points) […]