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Absent a new inflationary shock, central banks’ next moves are likely to be down. We expect the first cut in Australia to occur after the late-September meeting. Here we explain our reasoning behind this timing. When central banks are in data-dependent mode, financial market pricing will be data-sensitive. Turning points are always like this. The […]

The post Why September? appeared first on Action Forex.

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22/01/2024

We Expect BoJ to Stay on Hold

In focus today We start off the week with low activity on the data release front. In Denmark the monthly employment statistics for November is released Monday morning. Early Tuesday we await the rate decision from the first policy meeting from Bank of Japan in 2024. We expect the Bank of Japan to stay on […]
16/08/2024

New Zealand Dollar Stems Slide

The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused […]
15/10/2024

Sunset Market Commentary

Markets The release of labour market data kicked off a triptych of key UK data that should help clarify whether the time is right for the BoE to move to a ‘more activist approach’ when it comes to reducing policy restriction. The employment report didn’t change (money) markets’ positioning in any profound way (> 90% […]