Logo-color Logo-white

Markets Both interest rate markets and the dollar held a wait-and-see mode this morning with EMU bonds slightly underperforming the US Treasuries. German ZEW investors sentiment again improved more than expected (expectations index from 42.9 to 47.1, the 10th consecutive improvement). This is not the most important input for the ECB, but it maybe marginally […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

A Steeper JGB Yield Curve May Kickstart Another Bullish Leg in Nikkei 225

next

GBPCAD Advances Bullish Sequence from Equal Leg

Read More

14/03/2024

GBP/USD: Remains Constructive Ahead of US Data

Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over. Two-day pullback was contained by rising 10DMA, with strong downside rejection on Wednesday, pointing to solid bids and signaling that larger bulls remain firmly in play. Technical picture on daily chart […]
02/12/2023

Weekly Economic & Financial Commentary: Inflation Takes Another Leg Lower

Summary United States: Inflation Takes Another Leg Lower The U.S. data this week signaled that the economic expansion remains intact even as inflation continues to slow. The year-ago rates of headline and core PCE inflation were the lowest since March 2021 and April 2021, respectively. Next week: ISM Services (Tue.), Employment (Fri.), Consumer Sentiment (Fri.) […]
22/05/2024

RBNZ Review: Doing the Hard Yards

The RBNZ left the OCR at 5.5% at its May policy meeting, as was widely expected. The RBNZ discussed the possibility of tightening at this meeting but concluded that they retain sufficient confidence to leave the OCR unchanged. Cuts were not discussed. The revised projections lifted the OCR track. A first easing is forecast in […]