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Market November US CPI yesterday was the final piece of the monetary puzzle before today’s Fed decision, but it didn’t change the global portrait. At 0.1% M/M and 3.1% Y/Y (headline) and 0.3% M/M and 4.0% for the core, the outcome was close to, maybe marginally higher than expected. Markets also didn’t know what conclusion […]

The post Trading Probably a Long-Drawn Countdown to Fed Decision appeared first on Action Forex.

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11/04/2024

Bank of Canada Monetary Easing Door Slightly Ajar

Summary The Bank of Canada (BoC) held its policy interest rate steady at 5.00% at today’s monetary policy announcement, an outcome that was widely expected. However, the accompanying statement pointed to the potential for lower policy interest rates in the months ahead. BoC Governor Macklem said “we are seeing what we need to see” to […]
04/07/2024

Crude Oil Moved Up But Looks Vulnerable

Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change significant, but it was also drastically different from the expected 0.4 million decline, prompting impulse […]
20/06/2024

SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%

Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise. According to SNB Chairman Thomas Jordan: → Inflation in Switzerland is decreasing; → In recent weeks, the Swiss […]