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Summary United States: Let’s Wait and See There was no shortage of economic data this week, but little did much to change the macro landscape. The April inflation data were a step in the right direction, and if sustained, we see the first rate cut coming in September. Next week: Existing Home Sales (Wed.), New […]

The post Weekly Economic & Financial Commentary: Fed Rate Cuts Back on the Table? appeared first on Action Forex.

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06/09/2024

It’s P-Day Today

Markets The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and a downward revision to July’s report delivered another setback to yields. Outperformance at the front caused the 10-yr/2-yr spread to turn positive again only to […]
01/10/2024

GBPUSD & EURUSD Outlook

The US Dollar (USD) is struggling to gain strength as it begins the last trading day of the third quarter. Investors are closely watching for inflation data from Germany and speeches from key Federal Reserve officials, including Chairman Jerome Powell, later in the day. On Friday, the USD Index fell to its lowest point in […]
21/05/2024

Euro/Dollar in Consolidation

The EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range. This week sees few significant US statistics releases, which could provide investors with insights into future interest rate movements. However, numerous speeches from US Federal Reserve members are expected. Investors will be keenly listening for any indications about the […]