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U.S. Highlights Minutes from the January 30th-31st FOMC underscored that policymakers are adopting a cautious approach on when to pivot to policy easing. A number of Fed Governors spoke this week, and all urged patience on rate cuts, particularly in light of the uptick in inflationary pressures in January. Market pricing is now positioned for […]

The post The Weekly Bottom Line: Slow Your Roll appeared first on Action Forex.

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26/06/2024

AUD/NZD: Aussie Surges Almost 1% vs Kiwi Dollar After Release of Australia’s Inflation Report

Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new multi-month high in May. A full-figure rise broke through three Fibo barriers (38.2%; 50% and 61.8% retracement of 1.1030/1.0732 downtrend) […]
26/04/2024

AI Saves the Day

Facebook’s Meta went on a 10% freefall yesterday, even after the company announced better-than-expected earnings. This being said, yesterday’s selloff ended up being less than suggested in the afterhours trading. CEO Mark Zuckerberg said that, in the past, the company also experienced high price volatility during a period of investment when the results were not […]
16/01/2024

Canadian Dollar Lower Ahead of CPI Data

Canada’s inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn’t been kind to the Canadian dollar, which is down 1.8% this month against the greenback […]