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Markets Fed chair Powell laying the groundwork for a pause, possibly already in January, caused a late-session sprint in front-end US rates yesterday. In the first part of today’s trading, however, yields lost several basis points again, showcasing the fatigue that’s creeping in after a stellar October rebound. The US eco calendar had market-moving potential. […]

The post Sunset Market Commentary appeared first on Action Forex.

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Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum

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18/12/2023

Long Japanese Yen

The Federal Reserve’s (Fed) rate cut talk becomes chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and Raphael Bostic pushed back the Fed cut expectations. Alas, activity on Fed funds futures […]
17/10/2024

Sunset Market Commentary

Markets The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the days after the September 12 policy meeting. “The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also […]
28/03/2024

A First Fed Rate Cut in June Seems Highly Premature

Markets German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation eases. German yields declined between 5.8 bps (5 & […]