Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Fed minutes to distract markets as shutdown derails US data releases. ECB minutes and OPEC+ meeting also on the agenda. Yen awaits outcome of LDP leadership election. RBNZ set to cut rates; will it be 25bps or 50bps? US data delays add to Dollar’s choppiness The US dollar has been on a bit of a […]
The post Week Ahead – Fed and ECB Minutes Eyed Amid Shutdown Drama, RBNZ Meets appeared first on Action Forex.
Canadian labour market and international trade reports will be closely watched ahead of the Bank of Canada’s next interest rate decision on Oct. 29 after last month’s cut. The BoC made the move in September following a deterioration in the labour market over the summer, and highlighted the evolution of exports as a key indicator […]
The post Forward Guidance: Labour and Trade Reports Critical for BoC’s Next Rate Decision appeared first on Action Forex.
The US labour market is the focus in markets and for the economic outlook. This week we received some weak signals from the private ADP employment report and the Challenger report. The ADP report showed private employment growth stalling in both August and September against expectations of continued moderate rises. The Challenger report revealed that […]
The post Weekly Focus – US Government Shuts Down Amid Labour Market Focus appeared first on Action Forex.
Markets US yields currently are changing between +1.5 bps (2-y) and 0.5 bps (30-y). Similar story for the German yield curve (2-y +0.5 bps; 30 y -1 bp). This looks like being the new normal, potentially for some time to come. Admittedly, the US services ISM still to be released after finishing this report, gives […]
The post Sunset Market Commentary appeared first on Action Forex.
In the absence of Bureau of Labor Statistics data, preventing a more interesting day, participants are focusing on today’s ISM Services PMI report closely Markets just received the report for the US ISM Services PMI, which slipped right around contraction territory at 50.0, missing expectations of 51.6 and down from the prior 52.0. The services […]
The post US September ISM Services PMI Miss Expectations – Market Reactions appeared first on Action Forex.
US services activity slowed sharply in September, with ISM Services PMI falling from 52.0 to 50.0, missing expectations of 52.0. Business activity dropped from 55.0 into contraction at 49.9, its first negative reading since May 2020. New orders tumbled from 56.0 to 50.4. The weakness suggests that demand conditions in the largest part of the […]
The post US ISM services sinks to 50, GDP barely expanding by 0.4% appeared first on Action Forex.
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