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We do not expect the Fed to make monetary policy changes in its March meeting, as broadly anticipated by both markets and consensus. Besides the obvious focus on rate cut timing cues, we will keep an eye on the updated rate and economic projections as well as more detailed discussion on QT. We think the […]

The post Fed preview – Taking Stock on QT and Data appeared first on Action Forex.

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NZ Dollar Extends Losses after Mfg. PMI Contraction

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The Weekly Bottom Line: Sticky Prices Could Delay Rate Cuts

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08/12/2023

NIKKEI Analysis: Japanese Stock Market Outlook

In the first half of 2023, the Japanese stock market was dominated by bullish sentiment due to (still) negative interest rates — while the rest of the G7 countries raised their rates to combat inflation. The NIKKEI-225 index grew by 30% in the first half of the year. But then the balance of supply and […]
21/06/2024

USD/JPY on the Rise: Surges To Aim For New Highs

Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The US Manufacturing PMI could decline from 51.3 to 51.0 in July 2024 (Preliminary). USD/JPY Technical Analysis The US Dollar remained […]
15/05/2024

EURCHF Wave Analysis

EURCHF rising inside impulse wave 3 Likely to reach resistance level 0.9835 EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from April. The active impulse wave 3 belongs to the higher order impulse wave (3) from the middle of April. Given […]