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Markets Today has mostly been a waiting game in the run-up to an economic calendar that shifts into higher gear starting from tomorrow. The were few to no signs of worry about a potential escalation in the Gaza war after Israel retaliated over the weekend on what it said was a Hezbollah attack in the […]

The post Sunset Market Commentary appeared first on Action Forex.

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02/05/2024

First Cut by Fed is September at the Earliest

Current and expected risks warrant the FOMC holding off on the first cut until September and then carefully assessing lingering inflation risks as each subsequent step is taken. A low of 3.375% is expected for fed funds mid-2026, a modestly contractionary rate. Following a run of data pointing to inflation being more persistent, the updated […]
21/05/2024

USDCAD’s Upturn Still Lackluster

USDCAD pivots gently higher but still constrained between trendlines A decisive bounce above 1.3745 needed for fresh buying Canadian CPI scheduled for release at 12:30 GMT; Fed speakers on the agenda too USDCAD has been tip-toeing higher since its downward pattern that started after April’s peak stalled near the 1.3588 level last week. Traders remain skeptical near […]
30/11/2023

GBPCHF Wave Analysis

GBPCHF reversed from resistance level 1.1130 Likely to fall to support level 1.1050 GBPCHF currency pair recently reversed down from the pivotal resistance level 1.1130, which stopped the previous minor correction 2 at the start of this month, as can be seen below. The resistance level 1.1130 was strengthened by the upper daily Bollinger Band […]