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Investors see decent chance of another 50bps cut in November Fed speakers, ISM PMIs and NFP to shape rate cut bets Eurozone CPI data awaited amid bets for more ECB cuts China PMIs and BoJ Summary of Opinions also on tap Will the Fed opt for a back-to-back 50bps rate cut? Although the dollar slipped […]

The post Week Ahead – NFP on Tap Amid Bets of Another Bold Fed Rate Cut appeared first on Action Forex.

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12/10/2024

ECB Preview – Acknowledging Downside Weakness = A Rate Cut

At next week’s ECB meeting on 17 October we expect the ECB to deliver yet another rate cut of 25bp, bringing the deposit rate to 3.25%. Weaker-than-anticipated growth indicators, as well as a decline in inflation, support the case for another rate cut from the ECB. Since the US labour market report last week, markets […]
23/04/2024

Australian Dollar Rises on Strong Economic Indicators

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia. The latest manufacturing PMI report for April significantly contributed to the Australian dollar’s appreciation. It showed […]
16/05/2024

JPY Has Sharply Strengthened

The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both the […]