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We are forcefully entering a period of ‘bad news is good news’ as the Federal Reserve (Fed) moves toward its first rate cut. We don’t know when the Fed will cut the rates – the Fed members themselves can’t tell you that without more evidence of slowing economy and easing inflation as printed by yesterday’s […]

The post Time to Say Goodbye appeared first on Action Forex.

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21/01/2024

The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut

U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023 on a sour note, with both new home construction and existing home sales falling in […]
26/08/2024

GBP/USD Outlook: Larger Bulls Likely to Take a Breather Before Resuming

Cable eases from new highest levels since March 2022 on Monday, suggesting that bulls may take breather after 3.6% advance in past two weeks and strong bullish acceleration last Friday (almost 1% daily gain). Strongly overbought daily studies prompt traders to collect profit, though correction is likely to be limited as the uptrend is strong. […]
14/02/2024

January CPI: A Great Disservice

Summary The January CPI data came in hotter than expected and did little to give the FOMC the “greater confidence” it needs to start imminently cutting rates. Gasoline prices declined for the fourth month in a row, but an outsized jump in energy services and food prices tempered any enthusiasm from the decline in fuel […]