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In focus today We expect the Federal Reserve to pause its cutting cycle tonight and maintain the policy rate target range at 4.25-4.50%, in line with wide consensus and market pricing. We still forecast the next 25bp already in the following March meeting, but doubt Powell will provide strong forward guidance amid the high fiscal […]

The post Look Out for Three Musketeers – Riksbank, BoC and Fed appeared first on Action Forex.

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18/07/2024

UK Jobs Data Cooled the Pound

The UK labour market is experiencing a cooling phase. The number of applications for unemployment benefits in June increased by 32.3K after a jump of 51.9K a month earlier. Prior to that, this indicator had been drifting for almost two years, adding an average of 2.5K per month. The rise in claimant count claims may […]
18/11/2024

Will Fed-ECB Policy Gap Sink Euro? EUR/USD Analysis

EUR/USD faces pressure due to a strong US Dollar and concerns about the ECB’s policy direction. The US election and potential trade war concerns are weighing on the Euro. The interest rate differential between the Fed and ECB is a key factor to watch. The US Dollar bulls continue to hold firm at the start […]
30/01/2024

USD in Limbo as Market Anticipates Fed’s Decision

The EUR/USD currency pair is experiencing minimal fluctuations as it consolidates around 1.0840 this Monday. The focus of market players is squarely on the upcoming meeting of the US Federal Reserve System, which is poised to be the week’s pivotal event. The outcome of this meeting is highly anticipated, as the Fed will disclose whether […]