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The Federal Reserve (Fed) delivered the second rate cut of the year yesterday. Chair Jerome Powell said that the Fed doesn’t rule ‘out or in’ a rate cut in December, that the US economy is expanding solidly, that conditions in the labour market eased but the unemployment rate remains low, that inflation ‘made progress’ but […]

The post Fed Has No Choice But to Dance to Trump’s Tune appeared first on Action Forex.

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USDCAD Retains Bullish Bias Above 20-day SMA

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02/05/2024

USD/CHF Makes a Temporary Reversal After Swiss Inflation Jumps

Swiss CPI figures released earlier today came out above expectations, at 1.4%, leading to a reversal of some recent losses for the Swiss franc against other currencies. Observing the USD/CHF pair, we notice a significant intraday drop that appears to be an impulsive move down from a new high. Ideally, this trend could drive the […]
06/12/2024

Euro Might Finally Outperform the Pound in 2025

Trump’s agenda and Fed to set the tone for 2025 Eurozone politics, a dovish ECB and weak growth in the spotlight The UK is in better shape, but the budget could prove a major headwind Pound strength may persist in early 2025, the euro might find its moment later on If the stars align, 2025 […]
04/11/2024

Preparing for a US Election Marathon

The world is preparing for the November 5 US presidential election Voting times vary across states but the focus will be on seven key states Candidates need to win most of these swing states to secure victory “Safe” states will be called quickly but the final result might be delayed for days The countdown to the […]