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Minneapolis Fed President Neel Kashkari stated at an event overnight that he expects “some more modest cuts” in interest rates over the coming quarters, to bring rates closer to a neutral level. However, Kashkari emphasized that the pace and size of future cuts will be heavily dependent on incoming data. The concept of a “neutral” […]

The post Fed’s Kashkari sees modest rate cuts ahead to neutral appeared first on Action Forex.

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EURSUD Wave Analysis

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07/12/2023

Silver Wave Analysis

Silver reversed from resistance level 25.80 Likely to fall to support level 23.50 Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May. The downward reversal from the resistance level 25.80 started the active minor corrective wave iv. Given the strength […]
02/12/2023

Weekly Focus – Disinflation Continues

This week, inflation came in below expectations in the euro area and the US. In the euro area, headline inflation fell much more than expected to 2.4% y/y (consensus: 2.7% y/y) in November from 2.9% in October. The decline was broad-based as core inflation ticked down to 3.6% from 4.2%. Remarkably, the monthly change in […]
04/03/2024

EUR/USD Aims Higher, Bitcoin Could Extend Gains

Key Highlights EUR/USD is aiming for a move toward the 1.0920 resistance. A bullish flag seems to be forming with resistance at 1.0845 on the 4-hour chart. Bitcoin is showing positive signs and might extend gains above $63,000. Gold prices surged above the $2,050 resistance zone. EUR/USD Technical Analysis The Euro started a recovery wave […]