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The Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 4.25% to 4.50% range and announced it would continue its balance sheet runoff. The Fed justified its decision to hold rates steady by highlighting that the economy “continued to expand at a solid pace”, while inflation still remains “somewhat elevated”. On […]

The post Fed Pauses Rate Cut Cycle as Tariffs Loom Large appeared first on Action Forex.

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15/10/2024

China’s Data Remains Weak, But There Are Signs of a Turnaround

The past few days have been packed with economic news from China, from inflation figures to a press conference on stimulus measures. While market reaction to the data has been relatively mixed, there is a lingering sense of disappointment that may well build over the coming days. The CPI slowed to 0.4% y/y versus the […]
03/12/2024

OPEC+ Meeting in Focus: Will Oil Production Cuts Continue Through March 2025?

Oil prices are currently stable, but OPEC+ is likely to extend oil output cuts into Q1 2025 due to weaker global demand. China’s oil demand may have peaked due to a decline in transport fuel demand and the rise of electric vehicles. Upcoming API and EIA oil inventory data releases will provide insights into U.S. […]
01/11/2024

WTI Crude Oil Recoups Bearish Gap

WTI crude oil runs to 71.00 critical level near downtrend line Momentum oscillators reflect positive bias WTI crude oil prices recovered the bearish gap that was created in the preceding week and is currently testing the medium-term downtrend line near 71.00. The price has added more than 6% over the last couple of days with […]