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The selloff in US equities eased yesterday as pressure in the bond space declined. But the news is far from reassuring for a sustainable relief: US politicians continue to turn a blind eye to the stress building in the sovereign bond space. The House of Representatives passed Trump’s ‘beautiful’ tax bill yesterday—with just one vote. […]

The post US Bond Selloff Cools, But Risks Prevail appeared first on Action Forex.

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14/03/2024

Crude Oil Prices Rise as Ukraine Hits Russian Refineries

Direction was mixed yesterday, as Tuesday’s hotter-than-expected US CPI print gave cold feet to investors regarding the Federal Reserve’s (Fed) ability to cut interest rates as soon as in June. The S&P 500 and Nasdaq consolidated near record, energy stocks helped tempering losses in the S&P500 as technology stocks traded down. The dollar index rebounded […]
07/12/2024

Bank of Canada to Cut Interest Rates Again by 50 Basis Points

We expect the Bank of Canada’s final policy decision of 2024 on Wednesday to be another 50 basis point interest rate cut—adding to a 50 bps cut in October and 125 bps in total cuts since June. Canada’s economic backdrop has yet to crumble in a way that would cause the BoC to panic, but […]
23/02/2024

Nasdaq 100 Technical: Bulls Rescued by Nvidia (Again)

A 16% rally seen in Nvidia (ex-post earnings) has led the Nasdaq 100 to recoup its entire loss of -3.5% from last Friday, 16 February high to Wednesday, 21 February low. The current positive momentum and trend conditions of Nvidia may assert a further positive feedback loop back into the Nasdaq 100. Watch the key […]