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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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15/03/2024

Looking Beyond the Horizon

The macro outlook is unchanged from our view of recent months. Two years of slow growth could result in economic slack, with inflation ultimately undershooting the RBA’s target. What forces could emerge to offset this? This week we released fresh forecasts in our Market Outlook publication. The national accounts came in broadly as we expected, […]
19/10/2024

Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda

Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting, PMI data releases, central bank announcements, and US earnings reports. The US Dollar Index is in focus as technical factors may play a more significant […]
27/06/2024

Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

Short Term Elliott Wave in AUDJPY suggests rally from 6.4.2024 low is in progress as a 5 waves impulse structure. Up from 6.4.2024 low, wave 1 ended at 104.8 and pullback in wave 2 ended at 103.57. Internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 103.6, wave ((b)) ended […]