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In the new week, Fed Chairman Jerome Powell will address Congress on Tuesday and the House of Representatives on Wednesday. The prepared speech will be the same in both cases, but all attention will be focused on his answers to lawmakers’ questions and the outlook for monetary policy. The key economic news will be the […]

The post What Next: US CPI and Powell Testifies appeared first on Action Forex.

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19/04/2024

Sunset Market Commentary

Markets The impact of this morning’s “limited” Israeli retaliatory attacks against Iran gradually waned throughout today’s trading session. Initial flows all changed course. Some examples: US yields are currently up to 3 bps lower compared to over 10 bps during (illiquid) Asian trading hours. Brent crude surged from $87/b to almost $91/b before returning to […]
28/01/2025

NZDCAD Price Action Breakdown

The NZDUSD pair has lost its recent gains and is trading near 0.5680 on Monday as market sentiment turns cautious. This pressure comes from reports that former US President Trump’s advisers are pushing for 25% tariffs on Mexico and Canada starting February 1, with no plans for negotiations. Meanwhile, tensions with Colombia eased after the […]
30/04/2024

Euro Area Inflation in the Spotlight

In focus today Today, focus is on euro area inflation for April. Inflation has declined significantly in recent months but the underlying momentum in service inflation has picked up. We expect inflation will remain unchanged at 2.4% y/y due to food inflation and rising energy inflation while core inflation should decline to 2.6% y/y. This […]