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Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed is going to start easing its monetary policy […]

The post Could Stronger US Data Force a Fed Rate Cut? appeared first on Action Forex.

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ECB’s Interest Rate Decision and Impact on EUR/USD Exchange Rate

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14/03/2024

WTI: Oil Prices Continue to Rise on Brighter Demand Outlook

WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6. Near-term bullish sentiment improved after the latest International Energy Agency’s report showed an upward revision to demand growth forecasts and cut in 2024 supply forecast. The data brightened oil’s […]
19/05/2024

Forex and Cryptocurrency Forecast

EUR/USD: Weak Inflation = Weak USD The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895. The first blow came on Tuesday, 14 May, from Federal Reserve […]
24/05/2024

Australian Dollar Rapidly Depreciates

The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts. The minutes from the Fed’s recent meeting have revealed concerns among policymakers about the […]