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The minutes from the March 19-20, 2024 Federal Open Market Committee (FOMC) continue to highlight the progress that the Fed has made on reining in price pressures, but also acknowledged the upside risks to the inflation outlook. When discussing the recent inflation readings, Committee members noted that, “the recent increase in inflation had been relatively […]

The post Fed Minutes Continue to Indicate Rate Cuts Expected in 2024, But Uncertainty Looms appeared first on Action Forex.

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16/08/2024

Skating to Where the Puck Used to Be

Data revisions have partly undercut the RBA’s narrative of lower aggregate supply than expected. The RBA will need to skate to where the labour market is going to go, not where it used to be. Recent events have not materially changed our view about the outlook for the Australian economy. Recent communication from the RBA […]
04/09/2024

Canadian Dollar Steady Ahead of BoC Decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]
05/01/2024

USDCHF Sustains Weekly Gains Ahead of Jobs Data

USDCHF’s rebound is not convincing yet  A continuation above 20-SMA could boost sentiment US nonfarm payrolls report due at 13:30 GMT USDCHF is set to close the first week of the year within the positive area, having secured a strong foothold around the support-turned-resistance trendline from March 2023 at 0.8400 following the flash drop to an almost […]