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Fed will announce its latest decision at 18:00 GMT Wednesday Almost certain to keep rates steady, so focus will fall on ‘dot plot’ Signals of fewer rate cuts this year could help the dollar recover Solid economy pushes back Fed cuts The US economy continues to defy expectations. Economic growth is on track to hit […]

The post Fed Decision: Will the New ‘Dot Plot’ Boost Dollar? appeared first on Action Forex.

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13/09/2024

Gold Sets a New Record as Prices Rise Higher

Gold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds. Gold prices began to rise after the release of another package of US macroeconomic statistics. The weekly initial jobless claims increased compared to the […]
10/06/2024

US Dollar Index: Continues to Fly on Growing Wxpectations

Dollar continues to fly on growing expectations that the Fed will stay in higher for longer rate mode The dollar index extends strong rally on Monday, after advancing 0.8% on Friday and started the week with gap higher opening. Upbeat May NFP numbers on Friday added to hawkish stance and signal that the Fed may […]
17/04/2024

NZDUSD Bounces Off 5-Month Low

NZDUSD posts some gains after negative days Immediate resistance at 0.5940 Stochastics and RSI tick higher NZDUSD rebounded off the five-month low of 0.5858 after three straight negative days with the technical oscillators confirming that an upside recovery may be on the cards. The RSI is pointing north near the 30 level, while the stochastic posted a bullish crossover […]