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The first half of the week was full of fear and hope. Trump’s frustration with the Federal Reserve (Fed) President Powell and the threat of Powell being removed from his role weighed on sentiment at the start of the week. Meanwhile, the IMF lowered its world growth forecasts sharply pointing at hectic and harmful US […]

The post Sentiment Remains Fragile on Conflicting Comments appeared first on Action Forex.

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US-China De-escalation Optimism Fades with Bearish Technical Elements in US Stock Indices

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13/09/2024

Euro Rebounds on Lack of Hint for Further Cuts

The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant to narrow the spread between the deposit facility and the main refinancing rate from 50 to 15bp, so don’t be […]
28/10/2024

November Flashlight for the FOMC Blackout Period

Summary The FOMC started its nascent easing cycle with a bang, opting to reduce the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting on September 18. But further policy easing seems set to proceed at a slower pace. We look for the FOMC to reduce the fed funds rate by […]
24/01/2025

Japanese Yen Strengthens as Interest Rate Reaches Highest Level Since 2008

The USD/JPY pair declined to 155.13 on Friday, as the yen gained robust support following the Bank of Japan’s (BoJ) decision to raise its interest rate during the January meeting. BoJ’s interest rate hike and economic outlook The BoJ increased the cost of borrowing by 25 basis points, bringing the benchmark interest rate to 0.5% […]