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Nonfarm payrolls report and European flash CPI to shape rate cut bets ISM PMIs to also be important for Fed expectations and US dollar Canadian employment and Chinese PMIs also on the agenda Fed hawks rear their ugly heads The March round of policy meetings reinforced June as the likely date when most central banks […]

The post Week Ahead – Rate Cut Hopes Rest on US Jobs Report and Eurozone Flash CPI appeared first on Action Forex.

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EUR/USD Falls to Five-Week Low

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Weekly Economic & Financial Commentary: The First of Many Ticks Higher in the Longer-Run Median Dot

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17/04/2024

Getting Ready for a Decline in Gold

Gold has been behaving erratically, having had a positive and negative correlation with global risk appetite in recent days. On Friday, the price set an all-time high above $2430, losing $100 before the end of that day, nullifying the most furious final part of the rally within four hours. The final sell-off was in unison […]
09/05/2024

Bank of England Closing In On Rate Cuts

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is leading to a looser labor market and is bearing down on […]
15/08/2024

AUDUSD Rebound Gets Blocked by 50-Day SMA

AUDUSD retraces 61.8% of the July-August selloff But meets tough resistance at 50-day SMA AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the 50-day simple moving average (SMA) in the 0.6635 region. After two days of unsuccessful attempts to overcome this barrier, […]