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While on a client trip through Europe and North America, I have seen investors go through all five stages of financial market grief about the US: confusion, fatalism, denial, revulsion – and reallocation What a time to be on a client trip through Europe and North America. The ‘US exceptionalism’ narrative that prevailed between the […]

The post TINA McRAE Says ‘Watch Out Ahead!’ appeared first on Action Forex.

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20/06/2024

Sunset Market Commentary

Markets The Bank of England was one of the three central bank highlights today. The Norges Bank and the Swiss National Bank outcomes are in the section down below. Threadneedle Street kept the policy rate unchanged at 5.25% in a 7-2 vote with two members voting for a cut (Dhingra and Ramsden). The policy statement […]
01/04/2024

Bitcoin Sets the Stage for Growth

Market picture The crypto market capitalisation fell to $2.63 trillion. – the bottom of the range for the week. The top coins have moved without momentum over the past 24 hours, with losses for BTC (-0.9%), Ethereum (-1.9%) and BNB (-3%), but gains for Solana (1.4%), Dogecoin (+0.5%) and Toncoin (+2%). Bitcoin was once again […]
19/03/2024

Another Downside Surprise in Canadian February CPI

Canadian CPI growth was lower than expected in February, dropping to 2.8% year-over-year from 2.9% in January (expectations were for a 3.1% reading.) The downside surprise was broad-based as core CPI ex-food and energy inflation eased further to 2.8% from 3.1% in January. Food and energy inflation were as expected – food CPI growth in […]