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The US government remains in shutdown and hence, we continue to have very little data on the state of the economy. Nevertheless, there is a widespread expectation, which we share, that the Fed will deliver a rate cut next week. In the absence of new information, the Fed will emphasise the weak job growth in […]

The post Weekly Focus – A Cut in the Dark appeared first on Action Forex.

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Fed Getting Closer to Cutting Rates? Inflation Weakens, but Risks Remain

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EUR/USD Attempts Modest Bounce But Recovery Could Falter

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10/12/2024

Crypto Market Spooked by Another Bitcoin Pullback Below 100K

Market Picture Crypto market capitalisation has fallen 4% in the last 24 hours to 3.4 trillion, taking a hit from another failed attempt by Bitcoin to break above 100k. As one would expect, the failure of the leading coin to grow is sparking hesitation among supporters of smaller and more volatile coins. The Cryptocurrency Fear […]
26/10/2024

Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan […]
18/07/2024

WTI Oil Futures Hold Above 80.00

WTI futures rebound from a 3-week low Next target for the bulls is the July peak of 84.50 Momentum indicators are cautiously tilted to the upside WTI oil futures (August delivery) had been in a steady uptrend since early June before experiencing a pullback following their rejection at a fresh two-month high of 84.50. Although the price fell to […]