Logo-color Logo-white

We expect the Federal Reserve to cut rates by 25bp at the November meeting, which is nearly fully priced in by the markets at the time of writing. US October Jobs Report and Election Date pose significant risks to both sides of current rates outlook. We think the Fed is more likely to change its […]

The post Fed Preview: Navigating Uncertain Waters appeared first on Action Forex.

previous

RBA in Wait-and-See Mode Despite Drop in Inflation

next

Hiring Demand to Weigh on Canadian Jobs Data, U.S. Fed to Cut Again

Read More

12/10/2024

Dollar Index – Bulls Pause After US Data and Look for Fresh Direction Signal

The dollar holds in a sideways mode vs the basket of major currencies for the second straight day, as US September CPI data cooled expectations for another Fed jumbo rate cut, though the sentiment is still bullish and keeps the greenback afloat. Markets digested the latest key economic data which showed slightly hotter than expected […]
28/12/2023

USD/JPY Price Analysis: Declines to five-month low, trades near 140.80

USD/JPY moves below the 141.00 psychological level on the back of the subdued US Dollar. A firm break above the 142.00 level could lead the pair to reach a nine-day EMA at 142.41. Technical indicators suggest a bearish sentiment to test the major support at 140.50. USD/JPY extends its losses as the US Dollar (USD) […]
29/11/2024

November Tokyo Inflation Boosts Odds that BOJ Will Conduct Another Hike at December Meeting

Markets US markets were closed for Thanksgiving yesterday, leaving European markets looking for their own dynamics. National inflation data from Germany (HICP -0.7% M/M and 2.4% Y/Y; unchanged October) and Spain (0% M/M and 2.4% Y/Y from 1.8%, core 2.4% from 2.5%) overall printed on the softer side of expectations, suggesting (modest) downside risks for […]