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Markets Fed Chair Powell sent a clear signal to markets in a keynote speech for the Economic Club of Chicago. He started by pointing out that the level of the tariff increases announced so far by the new Administration is significantly larger than anticipated. The same is likely to be true of the economic effects, […]

The post Focus Shifts to Frankfurt Where We Expect ECB to Cut appeared first on Action Forex.

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Cliff Notes: Patient Posture

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22/10/2024

Japanese Election Could Hold Key to Next BoJ Hike

Japanese snap election will be held on Saturday, October 27 Governing LDP party vying for another win but outcome uncertain BoJ’s outlook could be clouded if LPD doesn’t achieve majority Yen could suffer if the new government focuses more on fiscal policy Japan holds elections on October 27 Just a few days before the key […]
31/05/2024

The Grumpy Hawk and Other Scenarios

Current slow growth should start to pick up in the second half of 2024 as the factors weighing on household incomes ease. Scenarios that could send things off track include geopolitics, sticky domestic inflation and ongoing consumer weakness. Growth in economic activity is expected to be soft in the first half of 2024, driven by […]
16/09/2024

Euro Jumps to 10-Day High

The euro has posted strong gains on Monday. EUR/USD is trading at 1.1126 in the North American session at the time of writing, up 0.49% today. The euro is at its highest level since Sept. 6. It’s a quiet day on the data calendar, with no tier-1 events. In the US, the Empire State Manufacturing […]