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We expect the ECB to leave the deposit rate unchanged at 2.00% on Thursday 30 October in line with consensus and market pricing. Data has been close to expectations since the September meeting, and we therefore expect no shift in communication on the assessment of the economic outlook nor in the ‘meeting-by-meeting’ approach. We will […]

The post ECB Preview – In a Good Place But Ready to Act appeared first on Action Forex.

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11/03/2025

US Equities Drop amid US Growth Concerns

In focus today Focus in the euro area is on the ECB watchers conference where several ECB officials will be present. We will particular pay attention to Lagarde’s speech at 09:45 CET. From the US, the January JOLTs labour turnover survey is due for release. The number of job openings is a key measure of […]
06/03/2025

Dollar Declines Ahead of Employment Report Release

The US currency continues to test new lows amid slowing economic growth in the United States and the introduction of new tariffs on China and Canada. Investor disappointment with Trump’s initial executive orders has led to broad-based dollar sell-offs. USD/JPY At the start of the week, USD/JPY sellers managed to break a key support level […]
21/03/2025

When It All Unravels

Big trends win out in the end. New realities can take time to emerge, but when they do, things can break quickly. The US outlook is a case in point. When we commented back in January that ‘Higher interest rates and a seemingly overvalued exchange rate. One can’t help thinking that reality will bite the […]