Logo-color Logo-white

Markets The Bank of England kept its policy rate unchanged at 5.25% in a 3-way split with two members (Mann & Haskel) preferring a 25 bps rate increase to 5.5% and one member (Dhingra) voting in favour to reduce it by 25 bps to 5%. That compares with consecutive 6-3 votes (3 in favour of […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Risk is Fed Powell Doesn’t Want to Sound Too Hawkish

next

WTI Wave Analysis

Read More

12/04/2024

GBPUSD Outlook Worsens After Rapid Fall

GBPUSD prints new low for this year Bearish continuation is likely below 1.2480-1.2500 GBPUSD suffered a freefall in the face of hotter-than-expected US CPI inflation data on Tuesday and dropped to a new low of 1.2504 on Friday, retracing back to December’s lows and to the bottom of a broader range area. Despite the consolidation […]
08/03/2024

Cliff Notes: Waiting in Anticipation

Key insights from the week that was. Australian Q4 GDP printed broadly as expected, rising 0.2% (1.5%yr). Once again, consumer spending was in the spotlight, up just 0.1% in Q4 following a –0.2% decline in Q3 (revised down from zero) to be broadly unchanged versus end-2022. The picture is much weaker when one considers population […]
27/07/2024

Weekly Economic & Financial Commentary: Wake Me Up When September Ends

Summary United States: Economic Resilience or Reticence? The U.S. economy defied expectations in the second quarter, expanding at a 2.8% annualized pace. Despite the upside surprise, we still see enough softening in inflation and signs of stress to warrant a rate cut in September. Next week: ECI (Wed.), ISM Manuf. (Thu.), Employment (Fri.) International: Bank […]