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Markets Several Fed central bankers saw confirmation in yesterday’s PCE deflators (headline 0.3% m/m, 2.4% y/y – core 0.4%, 2.8%) that rate cuts would be appropriate later this year. But a bumpy return towards the 2% target and ongoing economic strength mean there’s no urgent need to do so. Narrower inflation gauges including the likes […]

The post BoJ Governor Ueda Poured Cold Water on Those Expecting Imminent Shift appeared first on Action Forex.

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Technical Outlook and Review

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AUDUSD Retreats After Rejection at 200-day SMA

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13/11/2024

Euro Hits Yearly Lows, Pound Dips Below 1.2800

Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump’s victory in the U.S. presidential election and are starting to prepare for changes to the global economic landscape. Among the new president’s campaign promises was the introduction of additional tariffs on imports to the U.S. […]
13/09/2024

Silver Wave Analysis

Silver reversed from support zone Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set between the key support level 28.00 (which also stopped wave A at the start of September) and the lower daily Bollinger Band. The support level 28.00 was strengthened by the 61.8% Fibonacci correction […]
02/10/2024

XBR/USD Analysis: Brent Oil Price Soars After Attack on Israel

Following Israel’s military operation in Lebanon, Iran launched a missile strike on Israel on October 1. Financial markets reacted sharply as soon as the first reports of the attack emerged: → U.S. stock indices dropped significantly, and Bitcoin also fell, with BTC/USD nearing the psychological $60,000 mark at yesterday’s low. → Gold surged to $2670, […]