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The tradition of central banks hosting meetings just before Christmas continued this year with policy decisions in the US, Japan, UK, Norway, and Sweden. The largest present came from the US Federal Reserve in the shape of a significant hawkish surprise. Fed cut the policy rate target by 25bp to 4.25-4.50% as expected, but Powell delivered […]

The post Weekly Focus – Hawkish Christmas Present from US Federal Reserve appeared first on Action Forex.

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31/07/2024

Inflation Decline On Track, RBA Can Soon Relax

Inflation in the June quarter was in line with our expectations, and a shade below on some key measures. With the disinflation on track, we affirm our view that rates are on hold until November and likely to decline from then. Inflation in the June quarter was broadly in line with our expectations, and a […]
25/09/2024

Swiss National Bank (SNB) Preview – FX Intervention Chatter, USD/CHF Eyes Range Breakout

Swiss National Bank (SNB) decision anticipated, markets split on 25 or 50 basis point rate cut. Strong Swiss Franc pressures exporters, raising expectations of FX intervention. SNB’s comments on Franc and intervention will be key to future price movements. SNB Preview: FX Intervention Ahead? Market participants are awaiting the next major Central Bank decision which […]
27/03/2024

Nikkei (NKD_F) Looking to End Impulsive Rally

Short Term Elliott Wave view in Nikkei (NKD) suggests pullback to 38136 on 3.12.204 low ended wave 4. Index then turns higher in wave 5. The rally from 3.12.2024 low is in progress as a 5 waves impulse. Up from wave 4, wave ((i)) ended at 39055. Pullback in wave ((ii)) ended at 38155 as […]