Logo-color Logo-white

Unsurprisingly, the FOMC made clear it was too early to assess the economic implications of this week’s US election. Activity and prices meanwhile justify a gradual withdrawal of policy tightness. The US FOMC delivered a 25bp cut at its November meeting as expected, taking the mid-point of the fed funds range to 4.625%. Overall, the […]

The post FOMC Focused on Health of Labour Market and Success with Inflation appeared first on Action Forex.

previous

Sunset Market Commentary

next

Cliff Notes: An Event-Filled Week

Read More

30/01/2024

Could BoE Maintain Its Hawkish Stance?

The BoE meets on Thursday but low expectations for significant announcements Quarterly projections could support market expectations for rate cuts Pound would benefit against the US dollar from a hawkish BoE meeting First rate-setting meeting for 2024 The Bank of England holds its first gathering for 2024 on Thursday at 12:00 GMT, a day after […]
16/04/2024

GBPUSD Pulls Back into the Negative Zone

GBPUSD inches down to a new five-month low An extension below 1.2400 could generate fresh selling interest GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its efforts proved unsuccessful, with the pair charting a new lower low of 1.2405 during Tuesday’s early trading hours – the […]
24/10/2024

EUR/USD Outlook: Overall Negative PMI Data and Dovish ECB to Weigh on Current Recovery Attempts

EURUSD edges higher on Thursday morning as oversold daily studies prompted partial profit taking. Recovery is unlikely to be significant as the pair is in a larger downtrend, driven by negative technical and fundamentals. Release of PMI data from EU, Germany and France showed that French business activity contracted more in October, while results from […]