Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate Read more…
Monday, Mar 21, 2022 Tuesday, Mar 22, 2022 Wednesday, Mar 23, 2022 Thursday, Mar 24, 2022 Friday, Mar 25, 2022 The post Summary 3/21 – 3/25 appeared first on Action Forex.
Summary United States: Significant Monetary Policy Tightening Ahead In a full week of economic data, Wednesday’s FOMC meeting took center stage. FOMC officials lifted the target range for the federal funds rate by 25 bps. Read more…
U.S. Highlights The U.S. Federal Reserve raised interest rates for the first time since 2018, and signalled it is prepared to raise rates substantially in order to contain inflation. Oil prices were down this week Read more…
With a lack of an obvious catalyst this week, markets will continue to trade off the rate hikes from the FOMC and the BOE. Last week, the FOMC hiked rates by 25bps and noted in Read more…
Stocks end week on the front-foot as S&P 500 eyes breakout. But will this prove to be a bull trap, given the technical “death crossover” signal, as well as macro concerns such as Ukraine-Russia conflict, Read more…
Central banks playing catch-up The global economy is facing an incredible amount of uncertainty at the moment which is continuing to drive the volatility we’re seeing in financial markets. Whether it’s uncertainty around inflation, interest Read more…
Municipal bonds are often called “munis” for short. Darryl Brooks via Shutterstock; Canva What Is a Municipal Bond? Put simply, a municipal bond (or “muni” for short) is essentially a loan from an individual investor Read more…
Uber, Lyft and Instacart have all added a fuel surcharge to orders on their platforms this week. Every time you think you’re over the price of gas, more disappointment is sure to follow — as Read more…
Sin City has become a major location for the sporting world and that’s great news for Caesars and MGM which dominate the iconic Las Vegas Strip. Just a few years ago professional sports largely ignored Read more…