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Summary United States: Election Results Don’t Clarify the Outlook Even as the 2024 presidential election has come and gone, there is still a tremendous amount of uncertainty regarding the trajectory of the economy and Fed policy. Tariffs and a tax policy look to be on the docket in the next administration, which could come with […]

The post Weekly Economic & Financial Commentary: Higher Rates Likely Under Trump Administration appeared first on Action Forex.

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22/02/2024

AUDUSD Challenges 200-day SMA

AUDUSD rebounds from its lowest level since November Price jumps above descending trendline to test 200-day SMA Momentum indicators improve but remain in negative zones AUDUSD had been in a constant decline after peaking at 0.6870 in December, breaking below both its 50- and 200-day simple moving averages (SMAs). Nevertheless, the pair managed to find its […]
17/12/2024

EURCAD: Bearish Outlook

European Central Bank (ECB) President Christine Lagarde has signaled that more interest rate cuts may be coming if upcoming inflation data matches expectations. Speaking at the Bank of Lithuania, Lagarde mentioned that the eurozone is nearing its 2% inflation target and hinted at further easing if the current trends continue. The ECB recently reduced interest […]
29/08/2024

CPI from Spain and Germany to Give Direction for Tomorrow’s EA Print

In focus today The focus in the Nordics for today will be the Q2 GDP report from Sweden due at 08.00 CET. The unofficial GDP indicator showed a 0.8% q/q drop in GDP, however, that seems a tad excessive to us and we would not be surprised if today’s release indicates slightly less negative growth. […]