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Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut FOMC minutes could tell us how close they are to rate cuts It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the […]

The post Week Ahead North America – FOMC Minutes Key, Canadian Inflation in Focus appeared first on Action Forex.

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20/01/2024

UK PMIs to Reveal How the British Economy Entered the New Year

Investors scale back BoE rate cut bets after CPI data But disappointing retail sales revive some recession fears Pound traders may now turn attention the UK flash PMIs The data comes out on Wednesday at 09:30 GMT Hotter-than-expected inflation, but disappointing retail sales After the hotter than expected UK CPI data for December, investors scaled […]
28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]
05/07/2024

Gold Maintains Upward Trend as Market Anticipates US Jobs Data

Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s rate decisions. Recent US economic indicators, including a contraction in the service sector and weaker-than-expected private sector employment figures […]