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Markets Markets are flying high following the “substantial progress” made during the first high-level US-Sino trade talks over the weekend. US Treasury Secretary Bessent, one of the attendees, shortly before the European open briefed what this meant in practice: a sharp reduction on both sides in import tariffs for 90 days. The US cut tariffs […]

The post Sunset Market Commentary appeared first on Action Forex.

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20/02/2025

USD/JPY Losses Accelerating to 150 as Investors Brace for Tomorrow’s Japanese Inflation Figures

Market German bunds heavily underperformed US Treasuries yesterday. Yields jumped between 4.6 and 6.4 bps in a response to ECB board member Schnabel’s interview with the Financial Times. The influential policymaker isn’t so sure anymore that monetary policy is still restrictive after the January rate cut to 2.75%. Amongst others she’s referring to the bank […]
14/05/2024

US: Small Business Optimism Index Improves in April

NFIB’s Small Business Optimism Index rose 1.2 points to 89.7 in April, beating market expectations for a 0.3-point decrease. This marked the first increase in the index in 2024. Seven of the ten subcomponents improved on the month, two deteriorated and one remained unchanged. The improving categories included expectations for higher real sales in six […]
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 […]