Logo-color Logo-white

The first day back after the long weekend brought traders back down to earth. A weak sale of US 2 and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed cannot rule out hiking the interest rates as a next move sent the US treasuries lower yesterday. Happily, Mr. Kashkari isn’t a […]

The post Yields and Chips appeared first on Action Forex.

previous

Australia: April Monthly CPI Indicator First Impressions

next

NZDUSD Pauses Advance at 61.8% Fibonacci

Read More

30/11/2023

Canadian GDP declined in Q3

The pull-back in GDP in Q3 (-1.1% annualized) was substantially softer than expected, although following an upwardly revised 1.4% gain (previously -0.2%) in Q2. Still, the details of the Q3 data were soft – GDP would have declined a larger 3% in the quarter without a 7.3% jump in government spending. Business investment pulled back […]
08/03/2024

Jobs Friday

Yesterday’s European Central Bank (ECB) meeting and Lagarde’s press conference went according to the plan. The ECB left its rates unchanged for the fourth straight meeting, lowered its inflation forecasts, predicted that inflation will reach the 2% target by next year and suppressed its growth forecast for this year. Still, Lagarde said that they aren’t […]
06/06/2024

ECB’s Interest Rate Decision and Impact on EUR/USD Exchange Rate

Talking Points ECB Main Refinance Rate and EU Inflation EUR/USD Technical Analysis – Daily Chart ECB Main Refinance Rate and EU Inflation The European Central Bank is scheduled to announce its main refinancing rate on its June 6th, 2024 meeting, traders around the world are looking forward to the central bank’s decision and how it […]