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There is a sense of hope in the market this Monday morning after Friday’s PCE data boosted the expectation that the Federal Reserve (Fed) is getting very close to signaling its first rate cut in September. The core PCE came in slightly higher-than-expected – steady at 2.6% instead of a further easing to 2.5%, but […]

The post A Sense of Hope in the Market This Monday Morning appeared first on Action Forex.

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AUD/USD Gains Amid Anticipation for Key Economic Data

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16/07/2024

September 25 bps Fed Rate Cut Fully Discounted

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 […]
08/12/2023

Cliff Notes: Policy’s Effect Being Felt

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28/08/2024

USDJPY Gets Assistance from 143.40 Support

USDJPY retains bearish bias MACD and RSI try to gain some momentum 23.6% Fibonacci acts as strong resistance USDJPY is continuing its descending movement, especially after the failed attempt to jump above the uptrend line and the 38.2% Fibonacci retracement level of the down leg from 161.94 to 141.60 at 149.50. As the market remains beneath the 23.6% Fibonacci of […]