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In focus today We will have a quiet start to the week on the data front. The most important release today is the German Ifo index. Consensus expectations is for a small decline, which in that case would be the fifth consecutive month that would have happened. This would be in line with the PMI […]

The post Fed Chair Powell Ready to Loosen Monetary Policy appeared first on Action Forex.

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21/12/2023

Nasdaq 100 Technical: Potential Start of Minor Corrective Decline

Bearish reversal candlestick formed yesterday, its steepest daily loss since 27 October 2023. Odds now have skewed towards a potential minor corrective decline sequence within a medium-term uptrend phase. Watch the 16,800 key short-term resistance. The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have continued to rally […]
25/03/2024

Week Ahead – Markets Quiet Down After Central Bank Frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could disturb the waters in a quiet week Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the […]
19/02/2024

Week Ahead North America – FOMC Minutes Key, Canadian Inflation in Focus

Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut FOMC minutes could tell us how close they are to rate cuts It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the […]