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Markets Fed speak cemented the higher-for-longer case last week. On Friday, governor Bowman said she doesn’t expect any policy rate cuts this year. Following three or four months on inflation disappointments, she wants to see a number of months of progress (and a number of probably meetings as well) to be confident that inflation is […]

The post Fed Speak Cemented Higher-for-Longer Case Last Week appeared first on Action Forex.

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06/06/2024

European Central Bank Kicks Off Its Rate Cut Cycle

Summary The European Central Bank (ECB) today joined the growing group of advanced economy central banks that have begun their monetary easing cycles, lowering its Deposit Rate by 25 bps to 3.75%. ECB policymakers cited the past drop of inflation and the improving inflation outlook as key factors behind their decision to lower interest rates. […]
05/06/2024

USDCAD: Influence of Linear Regression Channel and BoC

Bullish Scenario: Buy above 1.3676 with TP1: 1.3699, TP2: 1.3720, and TP3: 1.3735, with an SL below 1.3665 or at least 1% of account capital. Apply trailing stop. Bearish Scenario: Sell below 1.3665 with TP1: 1.3623, with an SL above 1.3686 or at least 1% of account capital. Fundamental Analysis The BoC has maintained its […]
15/07/2024

GBPUSD Wave Analysis

GBPUSD under bullish pressure Likely to rise to resistance level 1.3120 GBPUSD currency pair is under bullish pressure after the earlier breakout of the resistance level 1.2850, which has been reversing the pair from 2023. The breakout of the resistance level 1.2850 results from the simultaneously strongly bullish sterling sentiment and the equally weak USD […]