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US equities retreated yesterday—ending a six-day rally—and the US dollar weakened as the selloff in long-term US Treasuries continued. The move came amid fraught budget negotiations in Washington over deficit spending and a proposed giant tax-cut bill, further exacerbated by Moody’s recent US rating downgrade. The concern is simple: if the US can’t cut spending […]

The post Oil Jumps on Mid-East Rumours, USD Weakens appeared first on Action Forex.

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14/04/2025

Markets Eye “Tariff Turmoil”

In focus this week Markets are anxiously assessing US President Trump’s next moves in the ongoing “Tariff Turmoil”. At the time of writing, most countries face a 10% duty on most exports and a 25% tariff on cars, steel, aluminium as well as most goods from Canada and Mexico. Meanwhile China faces a 145% tariff, […]
08/03/2024

Pound Eyes UK Jobs and GDP Data Eyed After Underwhelming Budget

UK labour market in the spotlight as wage pressures remain elevated GDP data to also be watched as UK in technical recession Pound starts March on firmer footing, will the data support further gains? Employment report is due Tuesday and GDP figures on Wednesday at 07:00 GMT Stagnation vs recession The British economy along with […]
19/08/2024

Could Eurozone PMI Surveys Cement September ECB Rate Cut?

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]