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U.S. Highlights Treasury yields shot higher this week, as expectations for a June rate cut fell. The U.S. economy had another strong month of hiring in March – adding 303k jobs – while the unemployment rate ticked down to 3.8%. Seven voting FOMC members were out speaking this week and the messaging was consistent: policymakers […]

The post The Weekly Bottom Line: Don’t Bet on June appeared first on Action Forex.

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19/02/2024

Week Ahead Europe – Eurozone Inflation and PMI Surveys Eyed

Is a March rate cut from the ECB still possible? UK surveys eyed as the economy falls into recession Could eurozone inflation figures reignite the rate cut debate next month? March has widely been written off as the likely moment that some major central banks will start cutting interest rates but data next week may […]
03/09/2024

ISM Rises for the Wrong Reasons in August

Summary A headline increase to 47.2 for the ISM manufacturing index says more about a back-up in inventories than it does about a meaningful improvement for the factory sector. Excluding the inventory contribution, the index would have been down 0.8 points. Rise & Whine: More of the Same from August ISM This is not the […]
03/04/2024

Silver Exits Long-Term Range

Silver’s future prospects turn brighter after reaching a two-year peak A retreat fueled by profit-taking is a risk in the short term Silver advanced to a two-year high of 26.54 on Wednesday, finally breaking the wide consolidation phase that started in May 2023. The spotlight is currently on the 2022 high of 26.93, however, Tuesday’s close above the […]