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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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24/10/2024

Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

CADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott […]
06/06/2024

ECB’s Interest Rate Decision and Impact on EUR/USD Exchange Rate

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26/01/2024

EUR/GBP: Initial Reversal Signals Need More Work at the Upside for Validation

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