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Fed is widely expected to cut rates by 25 bps on Wednesday But updated dot plot may signal fewer cuts in 2025 Can the dollar extend its rebound or is a correction due? Powell’s press conference at 19:30 GMT could hold the key Rate cut bets have been pared back The US Federal Reserve meets […]

The post Fed to Likely Cut Rates, But a Pause May Be Around the Corner appeared first on Action Forex.

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Canadian Inflation Cools Slightly in November

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We May See Kneejerk Downleg in US (front-end) Yields and Dollar After Dot Plot Release

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11/06/2024

Will Bank of Japan Hint at a July Hike?

Investors see decent chance for BoJ hike in July But struggling economy complicates the policy outlook Report on bond buying sets the hawkish bar even higher The Bank decides on Friday at 03:00 GMT Obstacles in the road for the next BoJ hike At its latest gathering on April 26, the Bank of Japan (BoJ) […]
02/01/2024

Gold Price Forecast: XAU/USD Holds Positive Ground Above $2,060, Focus on US PMI Data

Gold price gains ground near $2,065 during the early Asian session on Tuesday. The US Chicago Purchasing Managers’ Index (PMI) arrived at 46.9 in December vs. 55.8 prior, worse than expected. The chairman of the Chinese Communist Party Xi Jinping made vague comments about supporting the economy. The US S&P Global Manufacturing PMI is due […]
02/09/2024

News of the Week (September 2—September 6): USDCAD Trading Focus

USDCAD is setting up for significant market moves—stay alert! The USDCAD pair, often referred to by traders as the “Loonie,” reflects the exchange rate between the US and Canadian dollars. This pair is a vital indicator of the economic ties between the United States and Canada. The US Dollar is primarily influenced by US economic […]