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Markets In the run-up to the release of the US services ISM, (US) equity futures/markets yesterday fell prey to a tentative risk-off correction. In particular some parts of the tech sector apparently felt some vertigo after recent record race in the likes of the S&P and the Nasdaq. Safe haven flows supported Treasuries. A soft […]

The post Fed Chair Has Every Reason to Hold the Line appeared first on Action Forex.

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10/06/2024

Fed Pivot Less Likely After Strong NFP, Focus on CPI Report and Dot Plot

A dovish pivot by the Fed is looking less likely at the June meeting Will Fed officials flag two or just one rate cut after strong jobs data? CPI report will also be crucial on Wednesday (12:30 GMT) Statement due at 18:00 GMT will be followed by press conference at 18:30 GMT One step forward, […]
06/03/2024

Bitcoin Hits Record, Gold Rises Before Powell Testimony

Bitcoin hit a record. The price of a coin advanced past the $69K, then shortly dipped below $60K, and is now settling at around the $65K. Volatility is high as the coin flirts with new record levels. The latter attracts new interest and speculation, of course. Fundamentally, though, the demand is surging thanks to the […]
01/04/2024

Japanese Yen Yawns After Mixed Business Confidence Report

The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%. Business confidence among major manufacturers falls The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response. Business confidence for major […]