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Summary We expect the FOMC will reduce the federal funds rate by 25 bps at the conclusion of its upcoming meeting on December 18 while simultaneously emphasizing that future rate cuts will be slower-going and dependent on incoming data. Data over the inter-meeting period suggest ongoing resilience within the U.S. economy. The labor market cooling […]

The post December Flashlight for the FOMC Blackout Period: Slower Pace of Easing on the Horizon appeared first on Action Forex.

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03/07/2024

EUR/USD Outlook: Bulls Regain Control and Look for Retest of Key Barriers

EURUSD regained traction on Wednesday after moving within wide swings but without direction in past two days. Fresh strength looks for retest of pivotal barriers at 1.0768/71 (55DMA/daily cloud base), which capped Monday’s attack. Technical studies are mixed on daily chart (rising bullish momentum / conflicting MA’s/price weighed by thickening daily cloud). Mixed PMI data […]
04/04/2024

US Stock Market Awaits the Publication of NFP And Unemployment Data

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21/03/2024

USD/CHF Analysis: SNB Decision Breaks Multi-month Trend

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