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Fed expected to cut rates for second time, overlook political risks But will it be the last cut for 2024? Dovish tone and election results pose a risk for dollar bulls FOMC Decision is due at 19:00 GMT Thursday, Powell conference at 19:30 GMT After much back-and-forth, a 25-bps cut is a done deal The […]

The post Fed Set to Cut Rates Under the Shadow of US Elections appeared first on Action Forex.

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24/05/2024

Hand in Hand is the Surer Way to Land

Households are cutting consumption in a textbook response to higher interest rates. This, and a likely future of inflationary supply shocks, warrants a more coherent design to fiscal and monetary policy frameworks. This week saw the RBA Board minutes observe that many households have been pulling back on spending even when their incomes have not […]
19/09/2024

USD/CAD Eyes Additional Gains, Fed Slashes Rates By 0.5%

Key Highlights USD/CAD started a decent increase above the 1.3500 resistance. A key bullish trend line is forming with support at 1.3550 on the 4-hour chart. GBP/USD remained in a bullish zone above the 1.3150 level. The Fed reduced interest rates from 5.50% to 5.00%. USD/CAD Technical Analysis The US Dollar found support near the […]
13/11/2024

Euro Hits Yearly Lows, Pound Dips Below 1.2800

Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump’s victory in the U.S. presidential election and are starting to prepare for changes to the global economic landscape. Among the new president’s campaign promises was the introduction of additional tariffs on imports to the U.S. […]