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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed’s independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 percent […]

The post USD: Powell Speaks on Cutting Interest Rates appeared first on Action Forex.

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07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]
29/11/2023

EUR/USD Extends Rally While USD/JPY Nosedives

EUR/USD gained bullish momentum above the 1.0930 resistance. USD/JPY is declining and showing bearish signs below the 148.20 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0965 resistance zone. There is a key bullish trend line forming with support near 1.0975 on the […]
03/01/2024

EUR/USD Holds Below Mid-1.0900s Ahead of US PMI, FOMC Minutes

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