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Markets More volatility: yes. More certainty on the outcome of next week’s Fed meeting: no. Friday’s nonfarm payrolls couldn’t settle the rate cut size debate (25 bps vs 50 bps). The forecasted decline in the US unemployment rate, from 4.3% to 4.2%, failed to break the real-time recession indicator (Sahm rule) that rang all the […]

The post More Volatility: Yes. More Certainty on Fed: No appeared first on Action Forex.

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XAU/USD Outlook: Gold Continues to Move Within Larger Range

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28/03/2024

US500: Further Correction Towards 5192 Before Resuming Purchases

Bearish Scenario: Sales below 5220 with TP1: 5210 and TP2: 5192.21 with S.L. above 5248 or at least 1% of account capital*. Bullish Scenario: Buys above 5225 (if price fails to break below decisively) with TP1: 5235, TP2: 5242, TP3: 5248, TP4: 5255, TP5: 5290, and TP6 (Swing): 5300 with S.L. below 5210 or at […]
17/12/2023

Forex and Cryptocurrencies Forecast

EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day later. As a result, the euro emerged victorious: for the […]
06/09/2024

US Labour Market: Normalisation, Not Recession

Fresh signs of a cooling labour market are boosting confidence in the Fed’s policy turnaround but have so far had a mixed effect on the dynamics of major markets. The labour market is in the spotlight this week as it has the power to decide when and by how much the Fed will cut its […]