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Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to […]

The post Week Ahead – Fed to Cut Interest Rates, BoE and BoJ to Remain on Hold appeared first on Action Forex.

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02/07/2024

WTI Oil Outlook: Price Rises Above $84 for the First Time in Over Two Months

WTI oil price rose to nine-week high on Tuesday, in extension of strong Monday’s strong rally (up almost 2.5% for the day). Increased demand due to summer driving season and persisting supply fears on heated geopolitical situation inflate oil price, which rose above $84 per barrel for the first time since late April. Bullish technical […]
09/04/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9750 Likely to rise to resistance level 0.9845 and 1 EURCHF rising after the recent upward reversal from the support level 0.9750 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support level 0.9750 continues the C-wave of the […]
05/04/2024

Canadian Dollar Edges Lower Ahead of Canadian, US Job Reports

The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session. Employment in Canada is expected to drop to 25,000 in March, a significant […]