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On 26 September, when analysing the XNG/USD natural gas price chart, we noted that: → Bulls might be “gathering strength” for a potential attempt to break the psychological level of 3.00. → If successful, this would pave the way towards the yearly high around 3.20. Since then, the price of natural gas: → Broke above […]

The post Natural Gas Price Drops Over 8% Since the Start of the Month appeared first on Action Forex.

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13/09/2024

Week Ahead – Fed to Cut Interest Rates, BoE and BoJ to Remain on Hold

Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to […]
22/03/2024

Cliff Notes: Four Sets of Circumstances, One Intent

Key insights from the week that was. In Australia, the RBA Board once again decided to leave the cash rate unchanged at 4.35% after reflecting on recent data. The new information included the Q4 National Accounts, which confirmed the economic slowdown broadened into year-end, and the Q4 Wage Price Index, which revealed an underlying slowdown […]
19/09/2024

Fed Review: Going for the Soft Landing

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