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Expectations of a June cut by the SNB have been gaining traction But inflation picture isn’t entirely favourable; weak franc doesn’t help A lot of uncertainty awaits the SNB’s decision due Thursday at 07:30 GMT Will the SNB cut rates again? The Swiss National Bank (SNB) got the ball rolling with interest rate cuts back […]

The post SNB Expected to Cut, But Risk of Disappointment appeared first on Action Forex.

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04/06/2024

June Flashlight for the FOMC Blackout Period

Summary The FOMC remained on hold for the sixth consecutive policy meeting on May 1 as elevated inflation and strong job growth earlier this year led policymakers to conclude that policy easing at that time would not be appropriate. Data released since the last meeting indicate that the threat of price re-acceleration due to strong […]
15/07/2024

Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how the market stood up to the roughly $2.9bn sell-off in bitcoin by German authorities. The […]
11/06/2024

USD/JPY: Remains Constructive and Eyes US Inflation and Fed Verdict for Fresh Direction Signals

USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on Wednesday. The dollar stands at the front foot following stronger than expected US jobs […]