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It has been a rollercoaster period for Fed rate cut expectations Sticky US inflation is keeping the market on its toes Numerous Fed speakers this week; market sensitive to hawkish comments Dollar’s 2024 gains dented despite divergent monetary policy outlooks The year started with the market firmly believing that the Fed would deliver six rate […]

The post Fed Rate Expectations Whipsawed by Fed Speakers and US CPI appeared first on Action Forex.

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18/01/2024

EURUSD Finds Support at the 200-day SMA

EURUSD had been rangebound before sliding lower But the retreat ceases at the 200-day SMA Momentum indicators remain tilted to the downside EURUSD had been trading sideways since the beginning of the year following its pullback from the December high of 1.1138. The pair spiked lower on Tuesday, but the congested region that includes the 200-day […]
20/08/2024

EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts

Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared towards Fed Chairman Jerome Powell’s upcoming remarks at the Jackson-Hole symposium on Friday. Market […]
17/05/2024

Crypto Market Ready to Grow Further

Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a necessary part of healthy growth, suggesting a high chance of continued gains in the coming […]