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He said it. Federal Reserve (Fed) President Jerome Powell said that the Fed may delay its first rate cut due to the lack of progress in cooling inflation following a rapid decline observed by the end of last year. The three straight month of rising inflation in the US convinced the Fed Chair – as […]

The post Oil Risks Remain Tilted to the Upside appeared first on Action Forex.

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18/01/2024

Aussie Stems the Bleeding

The Australian dollar has stablilized after a nasty tumble this week. In the European session, AUD/USD is trading at 0.6555, up 0.06%. The Aussie ignored a weak employment report which showed job growth plunged by 65,100 in December. The unemployment rate remained steady at 3.9%. Risk appetite, China weighing on Aussie The US dollar looked […]
13/12/2023

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Falling ahead of Fed Report

At the upcoming meeting, the American department is not expected to take steps aimed at changing monetary parameters. At the same time, officials will likely abandon overly hawkish or dovish rhetoric and focus on incoming macroeconomic data. November inflation statistics were published yesterday: as expected, the rate of growth in consumer prices accelerated from 0.0% […]
23/08/2024

GBPJPY’s Recovery Stalls at 200-day SMA

GBPJPY attempts to recover from recent 8-month low But the rebound falters after testing 200-day SMA RSI and MACD remain tilted to the bearish side GBPJPY experienced a vast selloff in July, dropping from a 16-year peak of 208.10 to as low as 180.07 on August 5, which is also an eight-month low. Since then, the pair […]