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The minutes from the April 30-May 1, 2024 Federal Open Market Committee (FOMC) interest rate announcement acknowledged the recent lack of progress in curtailing inflation and continued to highlight the upside risks to the inflation outlook. Specifically, Committee members noted that, “the recent increases in inflation had been relatively broad based and therefore should not […]

The post Fed Minutes Continue to Underscore Fed’s Data Dependent Approach appeared first on Action Forex.

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07/12/2023

Hang Seng Index Technical: Entrenched in a Downward Spiral

China’s negative import growth in November suggests a sticky weak domestic demand environment. China and Hong Kong stock markets have failed to reignite bullish animal spirits despite the weakening trend seen in the US 10-year Treasury yield in the past month. Hang Seng Index now faces a potential major bearish breakdown that may retest the […]
26/09/2024

Silver on the Verge of a Major Bullish Trend Reversal

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21/08/2024

GBP/USD Gathers Pace, More Gains In Sight?

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