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Investors scale back Fed rate cut bets as inflation stays hot But economic growth slows more than expected in Q1 Will the Fed continue to signal patience? The Committee decides on Wednesday at 18:00 GMT Stubborn inflation weighs on rate cut bets When they last met, Fed officials left interest rates untouched as it was […]

The post Fed Faces Dilemma Amid Sticky Inflation and Slowing Economy appeared first on Action Forex.

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25/06/2024

GBP: A Correction May Be Imminent

During Monday’s session, the GBPJPY pair continued its uptrend, reaching a high of around 202.50, its highest level since 2007. Despite earlier attempts by sellers to push the pair down to 106.14, buyers regained control and drove the pair to new cycle highs. The Daily Relative Strength Index (RSI) at 68 suggests ongoing bullish momentum, […]
02/07/2024

GBPCAD Uptrend Intact After Latest Correction

GBPCAD bounces off uptrend line But strength of rebound is in question 20-day SMA is nearest challenge for the bulls GBPCAD has rebounded back above the 50-day simple moving average (SMA) after a 2% correction in June took the price below it towards the upper ascending trendline that’s been in place since the autumn of […]
13/12/2024

USDCHF Bulls Back and Want to Stay

USDCHF bounces back, dismisses bearish risks below 0.8800 Bulls take control, aim for new higher highs USDCHF staged an impressive rebound after falling as low as 0.8733, an action which initially seemed like the completion of a bearish head and shoulders pattern below the 200-day simple moving average and the 0.8800 number. Now back in […]