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An intensifying trade war weighed on risk appetite in a week when particularly US equities traded lower still. The dollar stabilised at the new much weaker levels and global yields largely traded sideways. US steel and aluminium tariffs took effect, and the EU Commission responded with a range of countermeasures, including jeans and bourbon tariffs, but also […]

The post Weekly Focus – Trade War Escalation Weighs on Markets appeared first on Action Forex.

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30/01/2025

Oil Price Update – Brent Continues to Struggle as Technicals Offer Bulls Hope

Oil prices are struggling due to uncertainty around tariffs and their impact on global demand. Libya supply fears were alleviated as exports returned to normal after discussions with protesters. US inventories rose, but total US oil demand also increased, offsetting downward pressure on oil prices. From a technical analysis standpoint, Brent has tapped into a […]
12/12/2023

All Eyes on US Inflation

The Stoxx 600 and the S&P500 traded at a fresh ytd high on Monday as the British FTSE 100 lagged behind its Western peers, as mining stocks drove the index lower. But overall, the week started on an optimistic note ahead of today’s US inflation update, tomorrow’s FOMC decision and Thursday’s European Central Bank (ECB) […]
22/01/2025

NZ Inflation Unchanged, NZ Dollar Under Pressure

The New Zealand dollar dropped as much as 0.5% earlier today but has recovered. In the European session, NZD/USD is trading at 0.5684, up 0.10% on the day. New Zealand inflation unchanged at 2.2% New Zealand CPI, released quarterly, was unchanged in the fourth quarter at 2.2% y/y. This was slightly above the market estimate […]