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Summary United States: Fall Data and It’s the Same Retail sales came in stronger than expected in September, industrial production was weaker than expected and residential construction softened. The fall data mix is a continuation of the underlying trends in economic growth—consumers are strong, while interest-rate-sensitive sectors are weak. Next week: LEI (Mon.), New Home […]

The post Weekly Economic & Financial Commentary: U.S. Dollar Gains on Re-Think of Fed Policy Easing appeared first on Action Forex.

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28/12/2023

Pound Sterling Rallies on Improved Risk Appetite

Pound Sterling advances above 1.2800 against the US Dollar on upbeat market sentiment. High inflation and recession fears in the UK may complicate the idea of BoE remaining a laggard in cutting rates. The economic calendar is light due to the festive season. The Pound Sterling (GBP) prints a fresh four-month high as investors hope […]
08/10/2024

Equity Weakness Dampens Crypto Investment Appetite

Market Picture The cryptocurrency market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite among investors, sparking a sell-off in bonds and equities. That said, as the less risky of the cryptocurrencies, bitcoin has been gaining ground relative to the overall market during similar periods, now holding 56.9% […]
07/05/2024

Dollar Basically Didn’t Go Anywhere

Markets Markets yesterday staged some follow-through price action on Friday’s post-payrolls/ISM easing, but the move gradually slowed in US dealings. Fed governors Williams and Barkin confirmed last week’s view of Chair Powell that the next Fed move will likely be a rate cut. A restrictive policy is bringing the economy in a better balance and […]