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Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. Yen weakness fuels verbal interventions; the battle for $4,000 […]

The post Week Ahead – With Treats Potentially Over, Risk Sentiment About to be Tricked? appeared first on Action Forex.

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Weekly Focus – Trade Tensions Move to the Background Again

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20/02/2024

New Fed Call

In focus today This morning we will get the National Accounts for Q4 2023 in Denmark. We expect the numbers to show a sharp rebound in GDP growth to 1.0% q/q in Q4 after the 0.7% decline in Q3. Both the decline and the rebound are driven by industrial production which again is primarily driven […]
16/09/2024

Sunset Market Commentary

Markets A range of ECB speeches in the wake of last week’s policy decision confirmed the different approach of Frankfurt – in all likelihood – is taking compared to the Fed. Kazaks (Latvia) and Holzmann (Austria) did so last week. Kazimir (Slovakia) today said that the next move (down) “must almost surely wait until December”. […]
03/07/2024

Weak Data Hammers USD

The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net job growth of 27K for the month and nearly 3% growth in the last seven […]