Logo-color Logo-white

Markets Bank of France governor and ECB governing council member Villeroy leveraged low volume trading conditions (UK & US markets are closed) to get maximum market impact with some dovish comments. So far, ECB members generally didn’t pre-commit on the H2 2024 ECB policy rate path after the done deal 25 bps June rate cut. […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

USD/JPY Steady as BoJ’s Ueda Urges Caution

next

Euro Area Inflation Unlikely to Change ECB’s Outlook

Read More

02/08/2024

AUDUSD Declines to Fresh 2-month Low

AUDUSD extends retreat to its lowest since May 1 Oscillators are flagging oversold conditions AUDUSD has been in a steady retreat since July 11, violating both its 50- and 200-day simple moving averages (SMAs). Although the pair posted a fresh two-month low on Wednesday, the risk of a bounce to the upside has increased given that the […]
24/04/2024

Stubbornly High Inflation Doesn’t Allow RBA to Cut Interest Rates Anytime Soon

Markets Disappointing April US PMI’s triggered some short covering in US Treasuries. The composite PMI declined from 52.1 to 50.9 (vs 52 consensus) with both manufacturing (49.9 from 51.9) and services (50.9 from 51.7) contributing. Details showed inflows for new business falling for the first time in six months and firms’ future output expectation slipping […]
14/12/2023

December FOMC: Dipping Dots – The Monetary Policy of the Future

Summary The doves won the day at the last FOMC meeting of 2023. The Federal Reserve left its policy rate unchanged at its December 12-13 meeting, a move that was widely anticipated. More important were the changes to the post-meeting statement and the latest Summary of Economic Projections (SEP). The new statement noted that inflation […]