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The new European security order has become the main market driver. This week, European equities continued to outperform the US, driven by defence stocks. At the time of writing, the German 10y yield was up 20bp on the week, diverging from US rates developments. Euro was up more than 4% against the dollar. The optimism in […]

The post Weekly Focus – Outperformance in European Assets Continues appeared first on Action Forex.

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05/08/2024

Aussie Slides on Fears Over the US Economy

The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has pared those losses and is down 0.96% at the time of writing, trading at 0.6448. RBA likely to deliver […]
02/03/2025

Weekly Focus – Tariff Fears are Back on the Agenda

Signs of weaker economic growth in the US have hit a nerve in markets, and the constant political uncertainty is certainly not providing any help. US equities fell and energy prices declined with Brent now trading around USD73/bbl. – the lowest level since late December. European equities continued to outperform after the German elections despite Trump […]
21/05/2024

Australian Dollar Shrugs After RBA Minutes

The Australian dollar edged lower but recovered in the Asian session. AUD/USD is showing little movement in the European session, trading at 0.6660. RBA minutes: members discussed rate hike The minutes of the Reserve Bank of Australia’s meeting earlier this month indicated that members discussed the possibility of a rate hike before deciding to hold […]