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Asian stocks struggled on Tuesday as investors moved away from U.S. assets, weakening Wall Street and the dollar. Worries about the Federal Reserve’s independence also added more stress to Treasuries. The Dollar index was on track for a fourth day of losses as little progress in tariff negotiations continued to weigh on sentiment. President Donald […]

The post Questions Around Fed Independence and Tariffs Weigh on Sentiment, Eurozone Consumer Confidence Ahead appeared first on Action Forex.

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06/06/2024

European Central Bank Kicks Off Its Rate Cut Cycle

Summary The European Central Bank (ECB) today joined the growing group of advanced economy central banks that have begun their monetary easing cycles, lowering its Deposit Rate by 25 bps to 3.75%. ECB policymakers cited the past drop of inflation and the improving inflation outlook as key factors behind their decision to lower interest rates. […]
04/03/2024

Will NFP Report Confirm Fed’s ‘Higher for Longer’ Mantra?

Market scales back rate cut expectations Inflation is not cooling as fast as expected Powell testifies before Congress on Wednesday and Thursday Spotlight to turn to NFP report on Friday at 13:30 GMT Investors get closer to the Fed’s dot plot At its latest gathering, the FOMC appeared less dovish than expected. Policymakers decided to […]
16/09/2024

New Zealand Dollar Jumps as Services PMI Accelerates

The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing. NZ Services PMI improves New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the […]