Logo-color Logo-white

U.S. Highlights Markets have been weighing the prospect that the Federal Reserve will opt for a 0.5 percentage point cut in the federal funds rate next week. Core consumer price index inflation surprised to the upside, lifted by a strong print from owners’ equivalent rent. The breadth of inflation continues to gradually narrow, but a […]

The post The Weekly Bottom Line: Here Comes the Cut appeared first on Action Forex.

previous

Sunset Market Commentary

next

GBPCAD Wave Analysis

Read More

12/09/2024

ECB to Cut Rates by 25bp

In focus today Today, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should lead to a further increase in the confidence of the disinflationary process being on track, in particular given the slowdown in […]
20/09/2024

Intraday Elliott Wave View on Dow Futures (YM) Favors the Bullish Side

Short term Elliott Wave view on Dow Futures (YM) suggests that cycle from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave (1) ended at 41682 and wave (2) pullback ended at 40028 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave […]
14/06/2024

EUR/USD: Extends Steep Fall as Political Uncertainty Sours the Sentiment

EURUSD extends sharp fall into second straight day and trading near the lowest in 1 ½ month low on Friday. Fresh risk aversion on growing political uncertainty in France, with tremors hitting the whole euro-bloc, put the single currency under strong pressure. The pair lost 1.1% of its value in just two days, raising prospects […]