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Over the past week, the probability of a key Fed rate cut in May jumped from 11% to 47% and reached nearly 60% on Tuesday. Market now pricing 100-point rate cut to 3.25%-3.50% with 75% probability. For year-end, the market now sees the prevailing scenario as a 100-point rate cut to 3.25%-3.50% or lower with […]

The post Dollar Pressured as Markets Betting on a Dovish Fed appeared first on Action Forex.

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26/11/2024

Gold Stays Resilient: Can The Upswing Continue?

Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the $72.50 resistance. EUR/USD is consolidating losses near the 1.0520 level. Gold Price Technical Analysis Gold prices remained well-bid near the […]
26/08/2024

Sunset Market Commentary

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04/07/2024

AUDUSD Challenges Upper Limit of Its Range

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