Logo-color Logo-white

The minutes from the December 12-13, 2023 Federal Open Market Committee (FOMC) meeting reiterated that quelling price pressures remains of paramount importance for the Fed. On the current economic backdrop, Committee members noted that “after stronger than expected growth of real GDP in the third quarter, recent indicators suggested that growth in economic activity had […]

The post Fed Minutes Confirm That Members Believe Rates Are Sufficiently Restrictive appeared first on Action Forex.

previous

USDCAD Wave Analysis

next

Gold Price Forecast: XAU/USD Recovers Some Lost Ground Above $2,050, US ADP Report Eyed

Read More

06/12/2023

Canada’s Trade Accounts Register a $3.0 Billion Surplus in October

Canada’s merchandise trade account recorded a trade surplus of $3 billion in October, the third consecutive month in black ink. This comes after September’s surplus was revised slightly upward to $1.1 billion. Exports advanced slightly by 0.1% month-on-month (m/m) in October, though 6 of 11 sectors posted decreases in export values. The large increase in […]
04/06/2024

Oil Prices Dive: Is a Rebound on the Horizon?

Key Highlights Crude oil prices extended losses below the $76.80 support. There was a break below a key expanding triangle with support at $76.20 on the 4-hour chart. GBP/USD gained pace for a move above the 1.2750 resistance. EUR/USD shows positive signs for a move toward the 1.0950 resistance. Crude Oil Price Technical Analysis In […]
18/04/2024

WTI: Oil Prices Fall Further on Rising Demand Concerns

WTI oil price dips further in early Thursday, in extension of previous day’s 3% drop (the second biggest daily loss in 2024) and hit new three-week low. Stronger than expected rise in US crude inventories (EIA report) further raised concerns about oil demand, while fears about escalation of the conflict in the Middle East faded, […]