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Summary The FOMC cut its target rate for the federal funds rate by 100 bps between September and December. However, a pause in its easing cycle seems like a done deal when the Committee meets next on January 29. Not only has the economy entered 2025 with a solid head of steam, but progress on […]

The post January Flashlight for the FOMC Blackout Period appeared first on Action Forex.

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08/11/2024

Canada’s labour market remains solid in October

The Canadian labour market gained 14.5k positions in October, with full-time employment up 25.6k and part-time employment down 11.2k. The unemployment rate was unchanged at 6.5% and the participation rate declined 0.1 percentage point to 64.8%. Employment by sector showed gains in business, building and other support services (+29k), while losses were seen in finance, […]
20/01/2025

Dollar Index (DXY) Elliott Wave Calling The path

In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index (DXY) published in members area of the website. As our members are aware, the DXY is currently showing impulsive bullish sequences in the cycle from the September low. As a result, we are leaning towards the […]
27/05/2024

EURUSD Ticks Up Before Testing Descending Trendline

EURUSD retreats from a fresh 2-month high of 1.0894 But meets support a tad above its long-term restrictive trendline Oscillators suggest bulls remain in charge despite the latest drop EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month […]