<p><img width="612" height="395" src="https://www.actionforex.com/wp-content/uploads/2018/09/f-uk27.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2018/09/f-uk27.jpg 612w,
Blogs
Steady Recovery Signals Strength Amid Market Cautiousness
<p><img width="612" height="367" src="https://www.actionforex.com/wp-content/uploads/2022/03/f-bitcoin22.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2022/03/f-bitcoin22
US consumer confidence rises to 110.7 in Dec
<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US Conference Board
UK Inflation Data Triggers Sterling Slump and Shift in BoE Rate Cut Expectations
<p><img width="1254" height="836" src="https://www.actionforex.com/wp-content/uploads/2023/08/f-gbp200.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-conten
Buyers are stuffing bitcoin in their stockings
<p>The hype train around a bitcoin ETF continues to build and that's helped to to shrug off a recent pullback to rise back above $44,000. Until the ETF starts trading (or at least until it's announced) I can't see a reason to sell bitcoin. That pull is even stronger considering the huge year-to-date bitcoin gains […]
ECB's Lane: Disinflation is happening but not necessarily persistent
<p>ECB chief economist Philip Lane says there is a lot of disinflation happening but it's not necessarily persistent and that's why the ECB remains concerned.</p><p>I don't get the ECB's thinking. Do they believe they're somehow in a different regime from the 10 years before the pandemic? Their own forecas
ECB's Knot: A rate cut in the first half of 2024 rather unlikely based on current info
<ul><li>We have to see how wages data develops, will see data around the middle of 2024</li><li>Optimal path for rates closer to market pricing at cut-off date than now</li><li>Any structural bond portfolio should be as small as possible</li></ul><p>The market is pricing in a 50/50 probability o
US December consumer confidence 110.7 vs 104.00 expected
<ul><li><a href="https://www.forexlive.com/news/us-november-consumer-confidence-1020-vs-1010-expected-20231128/" target="_blank" rel="follow">Prior </a>was 102.0 (revised to 101.0)</li></ul><p>Details:</p><ul><li>Present situation index 148.5 vs 138.2 prior (r
US indices lower in early US trading
<p>The major US stock indices are trading lower as the trading day kicks off. At risk, is the 9-day win streak in the Dow and the Nasdaq indices. The S&P is up 8 of 9 days. A snapshot of the major indices shows:</p><ul><li>Dow is down -73 points or -0.20% at 37484</li><li>S&P is down -5.72 points
Euro perks back up as the dollar falls on declining Treasury yields
<p>The US dollar is coming under some pressure early in New York trading as Treasuries find a bid again. EUR/USD is up to 1.0960 from a low of 1.0934.</p><p>The catalyst is yet-another bid in bonds that's pushed 10-year Treasury yields lower by 4.7 bps to 3.87%. That's a fresh low since July and highlights the […]