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Sentiment remains sour due to intensifying tariff talk. The carmakers around the world got hammered this week as the ones that produce their cars outside the US will cost 25% more if the levies go live – and nearly half of vehicles sold in the US are reportedly assembled elsewhere – and, the ones that […]

The post Tariffs, Cars and CoreWeave IPO appeared first on Action Forex.

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Inflation Releases Conclude the Week

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24/09/2024

Will Core PCE Inflation Corroborate Bets for Another Double Fed Cut?

Fed cuts by 50bps, sees another 50bps by December Investors turn more dovish, which implies upside risks Focus turns to PCE inflation due out on Friday at 12:30 GMT Some investors expect a back-to-back 50bps cut The Fed decided to begin this easing cycle with a double 50bps rate cut at last week’s decision, with […]
20/06/2024

SNB Cut Sends Swiss Franc Tumbling

The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors hanging right up to the last minute as to whether or not it would cut rates at Thursday’s meeting. In […]
30/01/2025

FOMC on Hold and In No Hurry to Cut Further

Summary As universally expected, the FOMC decided at its policy meeting today to keep rates unchanged. The decision to maintain the target range for the federal funds rate at 4.25%–4.50% was universally supported by all 12 voting members of the FOMC. The post-meeting statement continued to describe the pace of economic activity as “solid.” It […]