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From debt ratios to interest rates to unemployment, simple averages of the past are often not a good guide to where things are headed. One of the frustrations of the post-GFC period was the way some people (and international agencies) assumed that historical averages of key ratios like housing prices or debt to income defined […]

The post What’s Normal, Anyway? appeared first on Action Forex.

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GBP/USD Technical: Bounce off Key Confluence Level Post PMI, Further Gains in Store?

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Cliff Notes: Calm Before the Storm

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27/06/2024

More Verbal Intervention Warnings by Japanese Top Officials

Markets The sell-off at the long end of the US Treasury curve was the odd one out yesterday. The US Note future slid from start to finish with tenors from 7- to 30-yr adding around 8 bps. From a technical point of view, this lifts the 10-yr yield away from the recent lows/support zone near […]
20/08/2024

Rate Cut from Riksbank Should be a Done Deal

In focus today In Sweden, the Riksbank’s rate decision, a policy statement and a shorter policy report will be published at 09.30 CET. A press conference follows at 11.00 CET. There will be no new macro forecasts and no new rate path. A 25bp rate cut is – or should be – a done deal. […]
25/01/2024

European PMIs weaker than analysts’ forecasts but didn’t disappoint markets

Preliminary January PMIs for Germany showed a worsening of the situation contrary to the expected improvement. The composite PMI in January was at 47.1 against 47.4 a month earlier, and there are forecasts of an increase to 47.8. The reason for the deterioration was a dip in the services sector. The index of activity in […]