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Monday was rough across global financial markets. European stocks posted wild slides: the DAX traded nearly 10% lower compared to Friday’s close, the Stoxx 600 dropped more than 6%, the Swiss SMI lost over 5%, and US markets opened sharply down. But suddenly, the trend reversed. Markets rebounded on rumours that Donald Trump could delay […]

The post The Dumbest Trade War in History appeared first on Action Forex.

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04/06/2024

Groundhog Day on US Interest Rate Markets

Markets Groundhog day on US interest rate markets. At the end of April, US money markets were positioned for a first Fed rate cut at the December. It made them vulnerable to soft patches in eco figures. By mid-May, the pendulum swung to a first rate cut in September with follow-up action in December. At […]
04/03/2024

Could Tokyo CPI Open the Door to BoJ Policy Normalization?

Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until outcome of wage talks Yen remains under pressure against the US dollar Tokyo CPI released on Tuesday; average earnings data on Thursday The BoJ is looking for an opening to hike rates The market has already started […]
25/04/2024

Euro Turns to GDP and Inflation Data for a Lifeline

Euro loses ground as European Central Bank signals rate cuts But only against US dollar – holds strong against pound and yen Eurozone GDP and inflation stats on Tuesday will decide what’s next Imminent rate cuts bruise euro It’s been a difficult year for the euro, which has already declined 3% against the dollar as […]