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Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25-5.50% at the conclusion of its March meeting. The Summary of Economic Projections showed that the vast majority of the Committee continues to believe some easing of policy will be appropriate this year. The median projection for the federal funds […]

The post March FOMC Meeting: Still Building Confidence appeared first on Action Forex.

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16/01/2024

Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023

According to the Bank of Canada Business Outlook Survey (BOS) Canadian business sentiment remained downbeat in the fourth quarter of 2023. The BOS indicator, a statistical summary of survey results, was -3.15 in 2023 Q4, up only slightly from the post-pandemic low of -3.45 in 2023 Q3. The pessimistic tone was broad-based across sectors and […]
13/05/2024

Gold Price (XAU/USD) Is Testing an Important Resistance Zone

On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle – shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23. 2) Then, the price found support in the […]
21/08/2024

Payrolls Revision Flagged as Potential Gamechanger

Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with daily changes on the US curve ranging between -8.2 bps (2-yr) and -6.2 bps (30-yr) compared with […]