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Market prices in at least two rate cuts from Fed ECB, BoE expected to follow suit despite divergent economic conditions SNB and BoC could ease further; RBNZ possibly close to a summer rate cut BoJ and RBA could surprise with rate hikes during 2024 We are halfway into 2024 and the countdown for this year’s key event, […]

The post A September Fed Rate Cut Could Lead to Easing Spree During end-2024 appeared first on Action Forex.

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02/02/2024

BTCUSD Drops Below 50-day SMA

BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with […]
19/04/2024

A Lack of Shock and Awe

The United States is an outlier among advanced economies, so how much signal should policymakers elsewhere take from recent upside surprises on US inflation? Less than some people seem to think. Perhaps the issue didn’t strike them as pertinent to a conversation with an Australian. Still, I could not help noticing that none of the […]
22/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart is currently experiencing a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation towards the 1st support level. The 1st support at 102.66 is considered a significant level of support due to its categorization as a […]