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Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress went smoothly yesterday. He said that the Fed will certainly cut the interest rates this year and that he’s not necessarily looking for inflation to hit the 2% target to start cutting rates. The US 2-year yield eased but remains above the levels that were in […]

The post Keeping Up With the Central Banks appeared first on Action Forex.

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12/09/2024

WTI Crude Oil Recoups Some Losses After Sell-off

WTI crude oil rises from 17-month low Momentum oscillators gain some ground WTI crude oil has finally climbed higher from the 17-month low of 65.70 after the aggressive selling interest from the 78.75 resistance. Over the last three weeks, the commodity has lost more than 16%, switching the outlook to strongly bearish. According to technical […]
13/03/2024

US Dollar Strengthens Amid Inflation Data

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted higher-than-expected inflation in the US for February, prompting adjustments to predictions about the easing of monetary policy by the Federal Reserve in June. The Consumer Price Index (CPI) […]
05/03/2024

US Dollar Index Stuck Between 100 and 200-DMA Before Powell’s Speech

China wants to grow 5% this year, create around 12 mio jobs in the urban area and print a 3% inflation. Targets are ambitious – especially the inflation target – given that the base effect will not play in favour of growth this year and deflation is not an easy battle to win – especially […]