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Summary We do not expect the FOMC to change the federal funds rate or alter its current pace of balance sheet runoff at its upcoming meeting on March 19-20. Since the Committee last met, the U.S. inflation data have come in a bit stronger than expected, while the labor market generally has remained resilient. With […]

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

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09/07/2024

GBPUSD Advances Towards 2024 Highs

GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has entered a range that has previously rejected further advances during the past […]
03/09/2024

EURJPY Eases from 38.2% Fibonacci

EURJPY may find significant resistance at 164.00 Rebound off 7-month low still holds RSI heads down below 50 level MACD recovers above its trigger line EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, […]
29/06/2024

Labour Markets in Canada and the U.S. to Show Key Signs of Weakness

Central banks in Canada and the United States will be closely watching labour market data on Friday after May inflation numbers sent some mixed signals, broadly surprising to the upside in Canada and the downside in the U.S. The tick-up in Canadian inflation in May followed a string of downside surprises this year, and further […]