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Fed sees inflation on a path to remain low Investors expect three 25bps rate cuts by January Fed to keep rates untouched, focus on guidance The decision is published on Wednesday at 18:00 GMT Data bolster Fed’s confidence At its latest gathering in June, the FOMC appeared more hawkish than expected, revising its interest rate […]

The post Will Fed Signal a September Rate Cut? appeared first on Action Forex.

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Gold Bent But Not Yet Broken

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AUD/USD Gains Amid Anticipation for Key Economic Data

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11/04/2024

What’s Behind the US Economy’s Resilience?

US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong?  One of the most striking developments over the past year has been the extraordinary resilience […]
08/03/2024

Canada’s Labour Market Adds Jobs in February, Weak Underlying Details

The Canadian labour market added 40.7k positions in February, with full-time employment up 70.6k and part-time employment down 29.9k. The unemployment rate increased 0.1 percentage point to 5.8% and the participation rate was flat at 65.3%. Employment by industry showed gains in the service sector, with accommodation and food services (+26k) and professional, scientific, and […]
02/09/2024

Oil Prices Abruptly Tumbled Below $80 per Barrel (Brent)

Markets European inflation figures and US PCE, spending & income data basically played second fiddle on Friday, triggering barely more than some intraday volatility in yields. Technical elements were at least as much of a driver. Support around the August lows waq tested earlier last week. Their survival preluded a countermove higher, be it within […]