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Markets Fed Chair Powell in an interview at the Economic Club of Washington DC didn’t want to commit to any timing of a first Fed rate cut. By doing so, he effectively closed the door on the (tail) risk of a surprise move at the next, July 31, FOMC meeting. With inflation coming down and […]

The post September 25 bps Fed Rate Cut Fully Discounted appeared first on Action Forex.

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EURJPY Pulls Back from 32-Year High

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23/07/2024

Gold Outlook: Pullback from New Record High Runs Out of Steam Ahead of Key US Data

Gold price edges higher in European trading on Monday, after Monday’s Doji candle signaled that pullback from new record high ($2483) might be running out of steam. Pullback was contained by solid supports at $2390 zone (daily Kijun-sen / 50% retracement of $2293/$2483 upleg), with oversold conditions on daily chart and indicators predominantly in bullish […]
29/04/2024

Forex and Cryptocurrency Forecast

EUR/USD: Inflation Persists, US GDP Growth Slows The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union’s share decreased by 1.4%, Japan’s by 2.1%, while the United States increased by 2.3%. China’s […]
08/02/2024

Why Are Chinese Stocks Melting Down?

Chinese stock markets sink to lowest levels in five years Real estate crisis and other problems haunt investors Valuations are cheap, but more is needed for lasting recovery Chinese equities implode It’s been a tough few years for Chinese stock markets. Shares in mainland China have fallen to their lowest levels since 2019 as investors […]