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Canadian Highlights Donald Trump’s election victory means heightened macroeconomic uncertainty north of the border. Canada’s labour market put in a decent showing in October as the unemployment rate steadied, while job creation continues. A hefty increase in preliminary housing sales data for October may be proof that interest rate cuts are beginning to boost housing […]

The post The Weekly Bottom Line: Trump Victory Likely to Bring Big Policy Changes appeared first on Action Forex.

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11/01/2024

Rising (US) Yields Should Provide a Bottom for Dollar

Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts is premature. That’s more so because the recent decline in bond yields, exactly because of rate cut expectations, have loosened financial conditions more than thought. Combined with sentiment indicators […]
29/07/2024

Key Euro Area Data Overshadowed by Developments Elsewhere

Fed meeting and Middle East developments in the foreground Tuesday’s eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area data With the market digesting the latest developments in the US presidential race and preparing for Wednesday’s […]
09/05/2024

Bank of England Closing In On Rate Cuts

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is leading to a looser labor market and is bearing down on […]