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Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday wasn’t overly optimistic but it revived the expectation that a rate cut could come sooner rather than later. In the first day of his semiannual testimony before Senators, Powell said – for the first time in three years – that inflation is no longer the only threat […]

The post Inflation No Longer the Only Risk appeared first on Action Forex.

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04/04/2024

A Trading Playbook on Japanese FX Intervention

Yen falls 7% this year to hit lowest levels in three decades Japanese authorities threaten to intervene again to defend it How likely is intervention, and what are the steps to get there? Yen tanks, again The Japanese yen absorbed heavy damage this year, briefly falling to a 34-year low against the US dollar. Selling […]
26/01/2024

Euro in Holding Pattern Ahead of ECB Decision

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14/05/2024

Will UK Jobs Data Give Any Meaningful Signal?

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