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In focus today Large data prints are due in Denmark. We receive consumer confidence data for February. We expect confidence to rise to -11, which still indicates a negative view of the Danish economy among the Danes despite the noticeable uptick in consumption and wages outpacing inflation. GDP for Q4 is also due, with current […]

The post Consumer Confidence to Shed Light on European Economic Outlook appeared first on Action Forex.

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31/10/2024

How Markets Will React to US Election Results

Market picture Polls and forecasts have yet to produce a clear frontrunner in the US presidential race. In recent days, there has been a widespread view that markets are pricing in a Trump victory, but for many investors it is too close to call, increasing the potential for movement when the results are announced. Remember […]
19/03/2024

AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to […]
14/05/2024

JPY Declines Again

The Japanese yen is declining against the US dollar for the seventh consecutive session. The USDJPY pair is approaching the 156.40 mark. Japan’s government is poised for close cooperation with the Bank of Japan on currency market issues. This is needed to avoid disagreements on the goals of the policies they pursue, stated Shunichi Suzuki, […]