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Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the S&P500 lost almost 5% erasing around $2 trillion in market capital, Nasdaq 100 tanked 6% and the Dow Jones dumped 4%. Apple, Amazon, Nvidia, Microsoft, Tesla lost tens and for some hundreds of billions in market […]

The post Prisoner’s Dilemma appeared first on Action Forex.

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16/07/2024

China Q2 2024: Diverging Sectors and Risks

China’s Q2 activity data again highlighted disparate conditions across the economy. New industry continues to surge ahead, but the consumer is being left behind. China GDP disappointed in Q2, gaining 0.7% after a 1.6% increase in Q1. Year-to-date at June, growth of 5.0% is down from 5.3% in March, but still consistent with authorities ambitions […]
18/12/2024

USD/JPY Outlook: Dollar Remains Well Supported by Wide Gap Between Fed and BoJ Monetary Policies

USDJPY remains steady, though at narrower range on Wednesday, awaiting the FOMC verdict later today. Tuesday’s dip from new three-week high, which interrupted a six-day rally, is likely to be short-lived, as the dollar remains well supported and yen under pressure on wide gap between Fed and BoJ monetary policies. Fed is expected to deliver […]
18/10/2024

ECB Cut Fuels Appetite, Weighs on Euro

The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control, warned that there could be a temporary uptick, but the figures will be sustainably back to target by next year and that the Eurozone will […]