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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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06/12/2023

Gold Price Retreats From Highs and Crude Oil Price Dives

Gold price is correcting gains below the $2,050 support. Crude oil prices declined steadily below the $75.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied to new highs above $2,120 before it corrected lower against the US Dollar. A key bearish trend line is […]
31/07/2024

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks. Gold and oil […]
08/08/2024

Crude Oil Prices Path to Recovery: Major Challenges Ahead

Key Highlights Crude oil prices found support near the $72.00 zone. A connecting bearish trend line is forming with resistance at $76.60 on the 4-hour chart. EUR/USD is consolidating near the 1.0900 pivot zone. Bitcoin could struggle to recover above $58,000 and $58,800. Crude Oil Price Technical Analysis After a close below the $80.00 level, […]