Logo-color Logo-white

Fed continues to see three rate cuts for 2024 Investors add back to the June cut probability Focus shifts to next week’s core PCE index The data comes out on Friday at 12:30 GMT Fed appears more dovish than expected The Fed appeared more dovish than expected at its highly anticipated March gathering on Wednesday, […]

The post Will PCE Data Revive Concerns About Sticky US Inflation? appeared first on Action Forex.

previous

SNB First G10 Bank to Cut Rates

next

Canadian Dollar Dips as Retail Sales Disappoint

Read More

01/08/2024

The Crypto Market Pulled Back Further into the Range

Market picture Cryptocurrencies continued to sag, failing to support gains in the stock market, returning the crypto market cap to $2.30trn levels seen a week ago. The market formed another lower local peak, a sequence that has been in place since March. A move towards the lower end of the sloping range suggests the potential […]
23/05/2024

Gold Falls from Highs

The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous calls for a restrained approach to monetary policy. The Fed indicated that more time is needed to […]
13/12/2023

Crude Oil Price Resumes Slide, Fed Rate Decision Up Next

Key Highlights Crude oil prices declined heavily below the $73.50 support. A connecting bearish trend line is forming with resistance near $71.45 on the 4-hour chart. Gold prices also declined and traded below the $2,000 support. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). Crude Oil Price Technical Analysis In […]