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Summary As widely expected, the FOMC cut the target range for the federal funds rate by 25 bps at today’s meeting. However, one Committee member, who preferred to keep rates on hold, dissented. Wording in the post-meeting statement was changed to signal that further easing may proceed at a slower pace. The median dot for […]

The post FOMC Cuts Rates, but Pace of Easing Ahead Likely Will Slow appeared first on Action Forex.

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05/09/2024

Elliott Wave View on Light Crude Oil (CL) Favoring More Downside

Short Term Elliott Wave in Oil (CL) suggests the decline from 8.13.2024 high is unfolding as a 5 waves impulse. Down from 8.13.2024 high, wave (i) ended at 76.83 and rally in wave (ii) ended at 78.6. The commodity extended lower in wave (iii) towards 72.89 and rally in wave (iv) ended at 74.16. Final […]
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NZDUSD Falls to 1-Year Low Ahead of RBNZ

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German Industrial Production Slide Brings Closer ECB’s Rate Cut

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