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Markets The Fed lowered policy rates yesterday from 4.5%-4.75% to 4.25-4.5%, a level chair Powell said is still “meaningfully restrictive”. The decision was expected but not unanimous. Cleveland Fed Hammack voted to keep rates steady which given the circumstances had a lot to say for. The economy is doing fine with GDP forecasts left unchanged […]

The post It’s Higher for Longer All Over Again appeared first on Action Forex.

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29/03/2024

Canada’s Unemployment Rate Will Continue to Tick Higher Despite Job Gains

Next Friday’s employment data is expected to show job growth remained in positive territory (+25,000 from February), but again it will not be enough to keep up with surging growth in labour supply. Therefore, we forecast another tick higher in the unemployment rate to 5.9% from 5.8%—further above the 5% in January 2023. So far, […]
15/07/2024

Copper (HG_F) Elliott Wave : Buying the Dips at the Equal Legs Zone

In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper (HG_F) commodity , published in members area of the website. As our members know, Copper has recently given us correction against the October 2023 low. The commodity reached our target zone and completed correction right at the […]
05/01/2024

Nasdaq 100 (NQ_F) Looking to do Correction Within Bullish Trend

Nasdaq 100 (NQ_F )shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart […]