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We expect the Federal Reserve to cut rates by 25bp in the next week’s meeting. Markets price in around 40% probability of a larger 50bp move. We do not expect changes to the pace of QT despite the Fed now initiating rate cuts. We expect the updated dots to signal a total of 3x25bp cuts […]

The post Fed Preview: Dovish 25bp appeared first on Action Forex.

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10/09/2024

Analysis of GBP/USD Today: Bulls Face Challenges

UK labour market data was released today. According to Dow Jones Newswires: → Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest rates more cautiously compared to the Federal Reserve. → Capital Economics analysts also suggest […]
15/07/2024

EUR/USD Consolidates Gains, Are Dips Supported?

Key Highlights EUR/USD rallied above the 1.0820 resistance zone. A key bullish trend line is forming with support at 1.0850 on the 4-hour chart. GBP/USD gained bullish momentum and almost tested the 1.3000 resistance. Gold prices are now consolidating near the $2,400 zone. EUR/USD Technical Analysis The Euro started a steady increase above the 1.0800 […]
09/07/2024

U.K.: Firming Growth, Lingering Inflation, Suggest Cautious Bank Of England

Summary The first half of 2024 has seen a gradual, but clearly perceptible, improvement in U.K. economic momentum. Q1 GDP rose 0.7% quarter-over-quarter, while more recent sentiment and activity data point to ongoing growth in Q2. The outlook for the U.K. consumer continues to improve, although the outlook for U.K. businesses is perhaps not quite […]