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Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, […]

The post Will UK CPI Please the Market Ahead of Festive Break? appeared first on Action Forex.

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Stock Market Outlook 2024: Soft Landings, Rate Cuts, and Elections

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23/10/2024

BoC Accelerates Pace of Rate Cuts

The Bottom Line: The BoC made the leap to cut the overnight rate by 50 bps today, amid accumulating evidence that the economy and labour markets are weakening by more than what is necessary to achieve the 2% inflation target. The reduction won’t be the last one. The level of the overnight rate is still […]
09/07/2024

EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations

The EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market anticipation is now building ahead of an upcoming speech by Federal Reserve Chair Jerome Powell. Despite the looming potential for political deadlock in France, the euro […]
20/09/2024

WTI Crude Oil Tries to Extend Its Bullish Correction

WTI crude oil rebounds off 17-month low Technical oscillators are mixed WTI crude oil prices have been creating a notable bullish correction after the significant bounce off the 17-month low of 65.70. Technically, the MACD oscillator is gaining some ground above its trigger line; however, the stochastic posted a bearish crossover within its %K and […]