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Dovish BoE encourages more rate cut bets UK GDP for February expected to reveal slowdown The data comes out on Friday at 06:00 GMT Investors add to June rate cut bets after BoE decision With inflation in the UK coming down faster than previously expected, the Bank of England (BoE) appeared more dovish than expected […]

The post Will Friday’s Data Add to Hopes of UK Exit from Recession? appeared first on Action Forex.

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18/09/2024

US 100 Index in Anticipation Mode Ahead of Fed

US 100 index trades sideways ahead of the Fed meeting It battles with the July 11, 2024 descending trendline Momentum indicators are tentatively bullish The US 100 cash index is moving sideways today, continuing its low volatility sessions, as market participants are staying on the sidelines ahead of the crucial Fed meeting. The first Fed […]
25/03/2024

Will PCE Data Revive Concerns About Sticky US Inflation?

Fed continues to see three rate cuts for 2024 Investors add back to the June cut probability Focus shifts to next week’s core PCE index The data comes out on Friday at 12:30 GMT Fed appears more dovish than expected The Fed appeared more dovish than expected at its highly anticipated March gathering on Wednesday, […]
26/04/2024

USD/JPY: Surges Above 156.00 as BoJ Holds Rates

USDJPY surged to new 34-year high on Friday after the Bank of Japan kept its ultra-low interest rates unchanged and lacked to provide clearer signals about the timing of next rate hike, which further deflated yen. Fresh bullish acceleration on Friday surged through 156.00 barrier, hitting the highest since 1990 (156.82 so far), after surpassing […]