Logo-color Logo-white

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results […]

The post Week Ahead – Investors Brace for NFP Amid Fed Rate Cut Speculation appeared first on Action Forex.

previous

Canada’s GDP Rises Above Expectations, But Devil is in the Details

next

The Weekly Bottom Line: More Reason to Ride Down the Policy Escalator

Read More

02/08/2024

GBP/JPY Outlook: Hits New Multi-Week Low

GBPJPY continues to trend lower and fell to the lowest levels since mi-March during European session on Friday. The cross remains in a steep downtrend from 208.11 (July 11 peak, the highest since Aug 2008), fueled by renewed strength of yen, following interventions by Japan’s authorities, while BoE rate cut added pressure on sterling. Strong […]
14/05/2024

USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low. The index has recently given us bounce in a 3-wave pattern, when […]
22/05/2024

GBP/USD Shrugs as UK Inflation Higher Than Expected

The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation fell sharply in April, falling to 2.3% y/y. This was down from 3.2% in March and the lowest rate since […]