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Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US dollar could react moderately The transition to monetary easing The transition to monetary easing could be a hot theme in […]

The post Will US Data Bring Pre-Christmas Joy to the Dollar? appeared first on Action Forex.

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08/12/2023

CADJPY Wave Analysis

CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY rising strongly after the price reversed up from the key support level 104.60, which reversed the price twice in July. The support level 104.60 was strengthened by the 38.2% Fibonacci correction of the upward impulse from March. Given the strength of […]
23/08/2024

Cliff Notes: Global Easing Cycle Gains Traction

Key insights from the week that was. In Australia, the RBA’s August meeting minutes again reinforced the Board’s well telegraphed views on the economy. In short, there is “less spare capacity than previously assumed” given stronger momentum in demand and a weaker assessment of potential supply. The Board also noted that financial conditions appeared to […]
04/06/2024

Meme Stocks Rally, Oil Tanks

GameStop rallied nearly 90% after Keith Gill, aka Roaring Kitty on Twitter, posted a screenshot on Reddit showing a big stake in option positions (about 120’000 call options that would give him the right to buy 12 mio GameStop shares for $20 each before June 21st). The holdings are unverified and no one knows if […]