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In focus today In the US, minutes of the Fed’s July meeting will be published in the evening. While the focus will naturally be on any clues regarding future rate cuts, the views are likely at least somewhat outdated given that the July jobs report was published only after the meeting. Furthermore, the US Bureau […]

The post Riksbank Cuts Interest Rates by 25bp and Signals 2-3 More Rate Cuts in 2024 appeared first on Action Forex.

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USDJPY Weakens Amid Rate Cut Speculation

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20/08/2024

EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts

Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared towards Fed Chairman Jerome Powell’s upcoming remarks at the Jackson-Hole symposium on Friday. Market […]
05/04/2024

Week Ahead – ECB Decision and US Inflation to Fuel FX Volatility

Central bank decisions in Eurozone, Canada, and New Zealand Highlight will be the ECB – likely to signal a rate cut in June In US, the dollar will be driven by inflation stats and Fed minutes ECB meeting – Nearly time to cut  The Eurozone economy has gone through a rough patch over the last […]
07/03/2024

AUDUSD Surges Within Critical Levels

AUDUSD rebounds off 0.6485 and surpasses downtrend line MACD and RSI indicate more upside pressure AUDUSD has been experiencing a new up leg over the last couple of days, surpassing above the short-term downtrend line and the flat 200-day simple moving average (SMA), meeting the 50-day SMA near the 0.6590 critical resistance. Technically, the MACD […]