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A summer rate cut by the Fed hangs in the balance amid persistent inflation Rate cut bets have been scaled back from more than six to around two But limited fallout on Wall Street; can the risk rally survive no rate cuts? Waiting for the elusive rate cut Ever since the Fed signalled it was […]

The post Is There a Possibility of No Fed Rate Cuts This Year? appeared first on Action Forex.

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03/07/2024

CADJPY Wave Analysis

CADJPY broke key resistance level 117.00 Likely to reach resistance level 119.00 CADJPY currency pair recently broke through the key resistance level 117.00 (which stopped the pervious sharp upward impulse wave (1) at the end of April, as can be seen below). The breakout of the resistance level 117.00 accelerated the active impulse wave 3 […]
09/04/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9750 Likely to rise to resistance level 0.9845 and 1 EURCHF rising after the recent upward reversal from the support level 0.9750 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support level 0.9750 continues the C-wave of the […]
31/05/2024

AUDUSD Bullish Tendency in Doubt

AUDUSD in the green again today, above a key trendline AUD has managed to withstand the recent USD strength Momentum indicators mixed; stochastics could send a bearish signal AUDUSD is recording another green candle today as the market continues to react positively to the recent data releases from Australia and, in particular, the hotter April inflation […]