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The ECB delivered the widely anticipated first 25bp rate cut but kept its forward-looking guidance vague. Lagarde noted there was a ‘strong likelihood’ the ECB would dial back the restrictiveness of their monetary policy going forward but was not ready to pre-commit or even discuss the possible timing of the next cut. The updated economic […]

The post Weekly Focus – ECB in No Rush to Commit to Further Ccuts appeared first on Action Forex.

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The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

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25/01/2024

Sunset Market Commentary

Markets European January PMI surveys failed to really inspire trading. A disappointing outcome for the French services PMI – releases ahead of German and aggregate EMU data – caused a spike higher in German Bunds, but lack of follow-through buying rapidly pulled German bonds back to opening levels. The EMU composite PMI improved marginally from […]
17/04/2024

Crude Oil Price Consolidate Gains Above Key Support

Key Highlights Crude oil started a downside correction from the $87.70 level. A connecting trend line is forming with support at $84.00 on the 4-hour chart. Gold prices might aim for a fresh increase above the $2,400 resistance zone. Bitcoin price consolidated below the $65,000 resistance zone. Crude Oil Price Technical Analysis After a steady […]
10/04/2024

RBNZ April 2024 Monetary Policy Review: Staying the Course

Staying the course The RBNZ left the OCR at 5.5% as expected. The record of the meeting states that the risks to the outlook were viewed as “little changed” since the February Statement. The minutes noted the potential for a more flexible approach once inflation returns to the target range and when inflation expectations and […]