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Summary We share the market’s overwhelming expectation that the Federal Open Market Committee (FOMC) will leave the fed funds target rate unchanged at 5.25%-5.50% at the conclusion of its April 30-May 1 meeting. Stubborn inflation and resilient economic activity through the first few months of the year have left the FOMC little reason to ease […]

The post April Flashlight for the FOMC Blackout Period: Waiting for Godot? appeared first on Action Forex.

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25/07/2024

Stock Routs Undermine the Image of Ethereum ETF Launch

Market picture The pressure on financial markets has spread to cryptocurrencies – the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the most powerful drop in the Nasdaq index in months. The cryptocurrency market lost 3.5% in the last 24 hours, pulling […]
21/12/2023

UK 100 Index Sticks in Descending Triangle in 2023

UK 100 meets upper Bollinger band Price encounters upside pressure above triangle formation The UK 100 index a few weeks after the beginning of 2023 started a descending triangle formation with the top at 8,043 and a strong support level of 7,250. Currently, the price is standing above the falling trend line, after testing the upper Bollinger band […]
03/05/2024

Nasdaq 100: Sandwiched, Watch US 10-Year Treasury Yield Next

Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is still alive. Macro factors such as the movement of the US 10-year […]