Logo-color Logo-white

Week in review: Fed Delivers Hawkish Surprise The week draws to a close on a positive note after starting out with a host of risks to consider. However, one by one those risks were navigated and a positive outlook has emerged, for now. US-China have agreed on some key points of a potential trade deal […]

The post Markets Weekly Outlook – BoE Meeting in Focus, US Government Shutdown Continues appeared first on Action Forex.

previous

Bank of England Preview – Softer Inflation Opens Door for More Easing

next

The Weekly Bottom Line: President Trump Deals His Way Through Asia

Read More

02/05/2024

First Cut by Fed is September at the Earliest

Current and expected risks warrant the FOMC holding off on the first cut until September and then carefully assessing lingering inflation risks as each subsequent step is taken. A low of 3.375% is expected for fed funds mid-2026, a modestly contractionary rate. Following a run of data pointing to inflation being more persistent, the updated […]
19/08/2024

Attention Shifts to Fed’s Jackson Hole Symposium

Markets Last week’s US eco data failed to settle the debate on the outcome of the September FOMC meeting. Money markets initially added to 50 bps rate cut bets on slightly below consensus PPI numbers, but later on retraced somewhat after CPI showed continuing disinflation though in line with forecasts. Survey data (Empire Manufacturing), activity […]
05/01/2024

GBPJPY Bullish Near the Top of a Short-term Range

GBPJPY meets former resistance after quick bounce Technical signals endorse a bullish breakout GBPJPY pivoted swiftly near its 200-day simple moving average (SMA) and recovered a three-week-old soft downturn but despite that, it’s still struggling to exit the short-term range above the tough 50-day SMA at 183.90. The technical indicators are feeding optimism that buying […]