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U.S. Highlights Minutes from the July 30-31 FOMC meeting as well as Chair Powell’s speech at Jackson Hole showed a clear commitment that the FOMC will start cutting rates in September. The Fed is likely to start slow, cutting by 25 basis points next month. But any signs of a more abrupt cooling in the […]

The post The Weekly Bottom Line: Fed Chair Powell Endorses September Rate Cut appeared first on Action Forex.

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06/03/2024

Dissecting ECB Monetary Policy Decisions Communiqué

The monetary policy decisions statement is released at 13:15 GMT President Lagarde et al could signal a policy shift in this communiqué The ECB staff projections could also hold the key to a rate cut soon The scheduled press conference takes place 30 minutes later Complementing the detailed ECB preview, this report focuses on the first […]
08/12/2023

Japanese Yen Stays Top of Mind

Markets The Japanese yen stays top of mind. BoJ deputy governor Himino and his boss Ueda triggered a scorching rally amid rising bets of an imminent (December 19) policy shift. USD/JPY fell from an open at 147.31 to an intraday low of 141.71. The pair eventually closed at 144.13 with strong support from the 200dMA […]
05/04/2024

ECB Preview – An Intention to Cut

We expect the key takeaway from next week’s ECB meeting will be an affirmation of the prevailing ECB narrative, of the ECB on route to deliver a rate cut in June. While this meeting may be considered an interim meeting, and lead to limited market reaction, we expect the ECB to deliver a clear commitment […]