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Markets ECB president Lagarde immediately set the tone for trading in a Bloomberg interview at the World Economic Forum in Davos. She repeated that the ECB is watching wages, profit margins, energy prices and supply chains over the next months before firmly concluding that inflation is on a sustained path towards the central bank’s 2% […]

The post Sunset Market Commentary appeared first on Action Forex.

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Markets Scaled Back Expectations for March Fed Rate Cut to About 50%

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16/04/2024

Currency War and Geopolitical Risk are Deadly Concoctions for Risk Assets

The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent weak housing prices. Export-oriented countries may be forced to enact “beggar-thy-neighbour” typed monetary policies to deliberately weaken their respective currencies. […]
15/05/2024

Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us

Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers start to spend more, and investors buy stocks. But if you’re a student of Elliott waves, you […]
23/07/2024

Crypto: Tactical Retreat from the Peak

Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are losing just over 1% each, while most altcoins are losing significantly more, […]