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Data have to turn quickly negative for the March gathering to become live Market assigns only 30% chance for a March move; April rate cut is a done deal January concludes with preliminary PMIs and the January 25 ECB meeting Despite the upside surprise at the December inflation report, the market remains convinced that the […]

The post Could the Market Price in an ECB Rate Cut in March? appeared first on Action Forex.

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25/06/2024

Tech Down, Energy Up

The selloff in Nvidia deepened yesterday and sent the shares into the correction territory following a 10% selloff. Nvidia shares erased around $430 bn in market cap over the past three sessions. The selloff hit suddenly, right after the company stole the status of the world’s most valuable company from Microsoft last week. There has […]
10/07/2024

Gold Prices Rise Amid Anticipation of Fed Rate Cut

Gold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold remains a focal point of investment interest. In his recent testimony before Congress, Federal Reserve chair Jerome […]
08/07/2024

GBP/USD Price Outlook: Cable Holds the High Ground, Multi-Month Resistance Up Ahead

GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell’s testimony could significantly impact the GBP/USD exchange rate. A break above 1.2850 might require a catalyst, like a substantial drop in US inflation, while support levels are identified at 1.2750 and […]