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Market ponders the Fed’s stance after a hawkish gathering Retail sales to reveal the strength of domestic demand Dollar on the front foot; could suffer if data weaken this week The May retail sales report will be released on Tuesday 12:30 GMT At last week’s Fed meeting, consumer spending featured briefly in Chairman Powell’s press […]

The post Soft Retail sales Could Curb Fed Hawks’ Rhetoric appeared first on Action Forex.

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02/04/2024

Australian Central Bank Meeting Removes Rate Hike Option – Minutes

The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. Reserve Bank drops reference to rate hike The RBA maintained the cash rate at 4.35% at […]
26/06/2024

Alarm Bells in USD/JPY (159.80) Keep Ringing

Markets Washington-based Fed governor Cook in a speech for the Economic Club of NY joined SF Fed Daly (voter) in warning that the US labour market could change very quickly and that official stand ready to respond. She also referred to the fact that payrolls job gains were overstated last year and may continue to […]
11/06/2024

Key Factors Influencing AUDUSD: Analysis and Trading Scenarios

Bearish scenario: Sell below 0.6597 with TP1: 0.6587, TP2: 0.6579, and TP3: 0.6558, with an S.L. above 0.6611 or at least 1% of account capital. Bullish scenario: Buy above 0.6611 with TP1: 0.6626 and TP2: 0.6646, with an S.L. below 0.6597 or at least 1% of account capital. Apply a trailing stop. Fundamental Analysis The […]