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Fed cuts by 50bps, sees another 50bps by December Investors turn more dovish, which implies upside risks Focus turns to PCE inflation due out on Friday at 12:30 GMT Some investors expect a back-to-back 50bps cut The Fed decided to begin this easing cycle with a double 50bps rate cut at last week’s decision, with […]

The post Will Core PCE Inflation Corroborate Bets for Another Double Fed Cut? appeared first on Action Forex.

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26/06/2024

XAU/USD: Gold Stands at the Back Foot on Hawkish Comments from Fed

Gold price dipped to one-week low on Wednesday, deflated by the latest hawkish comments from Fed policymakers. The US central bank expects to bring inflation under control by keeping policy rate unchanged for some time, but also reiterated their willingness to further, if necessary, tighten the policy. The sentiment soured after such comments, though larger […]
14/06/2024

Japanese Yen Fell to a Six-Week Low after Bank of Japan Ended Its Meeting

  The Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest rate unchanged. Everything went according to expectations. In March, the BoJ raised […]
19/12/2023

EURJPY Retraces Higher as 200-day Holds Ground

EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of 164.28, which ceased at the crucial 200-day simple moving average (SMA). In today’s session, […]