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The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as anticipated. The Fed’s comments hinted at a possible interest rate cut by December while projecting more aggressive rate […]

The post US Dollar Declines as Fed Signals Potential Rate Cut and Inflation Eases appeared first on Action Forex.

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26/01/2024

Markets Price Higher Probability of ECB Rate Cut in April

In focus today US December Private Consumption Expenditures (PCE) data will be released today. Strong holiday spending and modest inflation suggest that real consumption volume continued to grow at a solid pace. On the inflation side, consensus sees Core PCE inflation at +0.2% m/m SA (from +0.1%). We will get the December release of Norwegian […]
13/09/2024

Gold Price Hits New Record

As shown by the XAU/USD chart: → Gold has reached a new all-time high; → This morning, gold is trading around $2,567 per ounce. Bullish sentiment is being driven by expectations of a Federal Reserve rate cut next week. According to MoneyControl, the International Monetary Fund stated on Thursday that it would be “appropriate” for […]
10/06/2024

Euro Falls to Four-Week Low: Politicians to Blame

EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party’s crushing defeat and Marine Le Pen’s party’s resounding victory in the European Parliament elections. The far-right, which secured […]