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Germany goes to the polls, but far-right AfD unlikely to form government. German CPI data might be bigger driver for the Euro. US inflation also in the spotlight as PCE report awaited. CPI releases in Australia and Japan, Canadian GDP also on tap. Will German elections change the outlook much? When Germany’s chancellor, Olaf Scholz, […]

The post Week Ahead – German Elections and US PCE Inflation on Investors’ Radar appeared first on Action Forex.

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08/05/2024

S&P 500 Wave Analysis

S&P 500 reversed from support level 5000.00 Likely to rise to resistance level 5300.00 S&P 500 index recently reversed up from the support zone lying between the round support level 5000.00 (which also stopped the previous correction (2)), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward […]
10/09/2024

Sunset Market Commentary

Markets Spotting significant market moves is like looking for a needle in a haystack today. We give it our best shot anyway by diving into a bumper bond sale taking place in Italy. The southern country’s 30-yr auction drew a record €130bn+ in demand, allowing it to tighten the final terms from BTPS+15 bps area […]
15/02/2025

The Weekly Bottom Line: Hot CPI + Trade Uncertainties = Extended Fed Pause

Canadian Highlights President Trump announced the re-imposition of steel and aluminum tariffs. This time both metals will face a 25% tariff starting March 12th, with no carve-outs. The Bank of Canada’s Summary of Governing Council Deliberations highlighted concerns that tariff threats could dampen business investment. On inflation, policymakers noted that the BoC might look through […]