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Influential financial media are promoting the need for a 50-basis point rate cut. The Fed’s blackout period starts 10 days before the rate decision is released, so the main influence on the markets during this time comes from traders’ interpretation of data and commentary from influential speakers in major financial media. Employment and inflation figures […]

The post Fed Rate Decision: Intrigue Returns appeared first on Action Forex.

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06/03/2024

Dissecting ECB Monetary Policy Decisions Communiqué

The monetary policy decisions statement is released at 13:15 GMT President Lagarde et al could signal a policy shift in this communiqué The ECB staff projections could also hold the key to a rate cut soon The scheduled press conference takes place 30 minutes later Complementing the detailed ECB preview, this report focuses on the first […]
08/05/2024

Bitcoin Price Is At Risk of Another Decline – Here’s Why

Key Highlights Bitcoin price recovered above $63,500 but faced resistance at $65,500. BTC cleared a key bearish trend line at $63,250 on the 4-hour chart. Crude oil prices extended losses and declined below $78.80. Gold might struggle to start a fresh increase above $2,335. Bitcoin Price Technical Analysis Bitcoin price formed a base and started […]
06/02/2024

EUR/USD: Bears Tighten Grip After Break of Another Strong Support

EURUSD remains firmly in red and hits two-month low on Monday morning, in extension of Friday’s 0.8% drop (the biggest daily loss since Jan 2). Fresh weakness broke through significant support at 1.0776 (100DMA) increasing pressure on next pivotal supports at 1.0723/12 (Dec 8 higher low / Fibo 61.8% of 1.0448/1.1139 rally), violation of which […]