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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.

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Cliff Notes: An Event-Filled Week

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02/04/2024

German Inflation as a Bellwether for Euro Area Inflation on Thursday

In focus today In the US, JOLTs Job Openings are due for release for February. As companies have reported cooling hiring plans and availability of workers has improved, we expect job openings to trend lower over the coming months, which would pave way for the first rate cut from the Fed. In the euro area, […]
27/12/2023

Rally Extends

The barrel of American crude finally cleared the $74/75pb resistance range on the mounting geopolitical tensions in the Red Sea and traded at $76pb on Tuesday. Yet the bullish market reaction looks relatively week given the amplitude of the issues in the region. The rally will likely continue at a gentle speed. The next natural […]
13/08/2024

Gold Price Near Historic High Today

As shown on the XAU/USD chart, the gold price is near $2,460 today, despite the 8th August candle opening around $2,385. This means that in just over three full trading sessions, the price per ounce has risen by approximately 3.3%. It is now only about 1.6% away from the psychological level of $2,500. Bullish sentiment […]