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The US Federal Reserve has chosen a ‘sprint first, then dawdle’ approach to rates normalisation. Dawdling makes sense given the neutral rate is uncertain and probably higher than pre-pandemic. The US Federal Reserve has started its cutting cycle with an outsized 50 basis point move. This was larger than what we had expected, though the […]

The post Fed Starts at a Sprint, But the Finish Line is Uncertain appeared first on Action Forex.

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Intraday Elliott Wave View on Dow Futures (YM) Favors the Bullish Side

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11/09/2024

Gold Technical: Poised for a Potential Bullish Breakout as US CPI Looms

In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD). Since […]
26/09/2024

Waiting on Speech by Fed Powell With Second Tier US Data

Markets Core bond yields grinded higher yesterday in a news-poor trading session. With the move both US and German yields recouped most of Tuesday’s intraday losses. Net daily changes varied between +2 bps (2-yr) and +5.6 bps (10-yr, 30-yr) in the US and +1.3 bps (30-yr) and +3 bps (5-yr) in Germany. China’s equity boost […]
21/12/2023

Nasdaq 100 Technical: Potential Start of Minor Corrective Decline

Bearish reversal candlestick formed yesterday, its steepest daily loss since 27 October 2023. Odds now have skewed towards a potential minor corrective decline sequence within a medium-term uptrend phase. Watch the 16,800 key short-term resistance. The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have continued to rally […]