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AUDUSD advanced 0.5% in Asian / European trading on Monday, to completely reverse Friday’s drop and generate initial signal of bullish continuation. Fresh strength cracked pivotal barriers at 0.6600 zone (converged 200/100DMA’s / base of rising daily cloud, where Friday’s action was strongly rejected. Gains so far minimized signals of bull trap and recovery stall […]

The post AUD/USD Outlook: Lifted by Fresh Risk Appetite, Retests Key Resistance Zone appeared first on Action Forex.

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01/08/2024

FOMC: ‘Twas the Meeting Before Rate Cuts

Summary As was widely anticipated, the FOMC left the fed funds rate unchanged at the conclusion of today’s meeting, but it opened the door to potentially easing policy at its next meeting on September 18. While inflation remains above the FOMC’s 2% target, it has fallen significantly since the Committee last raised rates a year […]
19/09/2024

FOMC Starts Easing Cycle With a Bang

Summary The FOMC surprised some market participants today by reducing the target range for the federal funds rate by 50 bps. Concerns about the state of the labor market appear to have been the primary driver of the 50 bps move. But the FOMC signaled that it may not necessarily follow today’s 50 bps rate […]
31/01/2024

Focus Turns to the Fed

In focus today Tonight at 20:00 CET the rate decision of this week’s meeting in the FOMC is announced. We expect no monetary policy changes. With no new economic projections, focus will be on Powell’s remarks in the press conference starting at 20:30 CET. We do not expect the meeting to be a major market […]