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SNB is expected to ease for third time; might cut by 50bps RBA to hold rates but could turn less hawkish as CPI falls After inaugural Fed cut, attention turns to PCE inflation September flash PMIs to do the rounds; spotlight on euro area SNB to keep trimming as strong franc bites The Swiss National […]

The post Week Ahead – SNB to Cut Again, RBA to Stand Pat, PCE Inflation Also on Tap appeared first on Action Forex.

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23/10/2024

Investors Eye Asset Havens Amidst Continued Unrest in the Middle East

In focus today Today the Bank of Canada announces its October monetary policy decision. Both markets and analysts are leaning towards a 50bp rate cut to 3.75% although it is a close call. Our base case is for a slight hawkish surprise as we pencil in a dovish 25bp cut to 4.0%. Focus in the […]
16/01/2024

Pound Enters Correction Phase

The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition, UK employment data was released that provided new evidence of a slowdown. The fresh report for the three months to November showed […]
11/06/2024

Euro Under Pressure as Macron Calls Snap Election

The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day. There are no releases out of the US or the eurozone today. It was a busy weekend in Europe, as voters went to the ballot box […]