Logo-color Logo-white

The Federal Reserve Open Market Committee (FOMC) cut the federal funds rate to the 4.25% to 4.50% range and announced it would continue its balance sheet runoff. The Fed maintained its language on growth and inflation, stating “economic activity has continued to expand at a solid pace”, that the “labor market conditions have generally eased” […]

The post Fed Cuts by 25 bps, Signals Slower Pace in 2025 appeared first on Action Forex.

previous

EURGBP Bears Remain in Control

next

Ouch

Read More

08/10/2024

Hang Seng Index (HSI) Drops Nearly 10% Today

As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet. According to Reuters, bearish sentiment was driven by uncertain statements from Chinese officials regarding economic stimulus measures. This has raised doubts in the stock market […]
09/10/2024

NZDUSD Battles With 200-Day SMA After RBNZ’s Rate Cut

NZDUSD continues the bearish correction Technical oscillators are mixed NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding near the 200-day simple moving average (SMA), which is acting as a strong support level. The technical oscillators are showing […]
19/02/2024

Weekly Economic & Financial Commentary: Central Banks on Hold for Longer?

Summary United States: Little Love in January Data Economic data were stuck in the doldrums this week, highlighted by a hot January CPI print. The out-of-consensus start to the year for economic data continued with a slip in retail sales and industrial production followed by a startling 14.8% drop in housing starts during January. Next […]