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The 2024 market theme remains for several rate cuts from most central banks Fed is seen cutting rates six times despite the November Presidential election ECB and the BoC to cut first; RBA the last one to join the club BoJ is finally seen hiking for the first time since 2007 – will it prove […]

The post Market Continues to Price in Aggressive Rate Cuts for 2024 appeared first on Action Forex.

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29/07/2024

AUD/USD Gains Amid Anticipation for Key Economic Data

The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened amid a global sell-off in risky assets and also […]
13/08/2024

EURUSD Bulls Don’t Want to Give Up

EURUSD maintains sideways move as 1.0940 barrier blocks the way up Technical risk is on the positive side; eyes on 1.0970 too US PPI due at 12:30 GMT; FOMC member Bostic speaks today EURUSD continues to face restrictions near the 1.0940 level and the resistance trendline from July 2023, which squeezed the price below a […]
22/01/2024

We Expect BoJ to Stay on Hold

In focus today We start off the week with low activity on the data release front. In Denmark the monthly employment statistics for November is released Monday morning. Early Tuesday we await the rate decision from the first policy meeting from Bank of Japan in 2024. We expect the Bank of Japan to stay on […]