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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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14/06/2024

USDCAD Remains Bullish With Weak Momentum

USDCAD fails to extend above 1.3785 Stochastics suggest bearish retracement USDCAD is still developing above the short-term simple moving averages (SMAs), which are ready for a bullish crossover, and above the medium-term uptrend line. Technically, the MACD oscillator is moving sideways above the zero level; however, the stochastic oscillator is indicating a negative movement as […]
15/07/2024

Sunset Market Commentary

Markets Some segments of the US yield curve disinverted in the wake of the Trump shooting. The presidential candidate’s odds to win the November election have increased as a result. His pro-business (for the US at least) agenda is seen as a boost to the economy as well as increasing already large fiscal deficits. Ex-POTUS […]
17/04/2024

USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar

The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year. This is supported by Jerome Powell, who suggested yesterday that US interest rates are likely to remain high for longer. He refused […]