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Cooling inflation boosts rate-cut hopes: U.S. CPI and core CPI both came in below expectations in September, fueling market bets that the Federal Reserve could cut interest rates as early as its next meeting, with another possible move in December. Markets rally on dovish expectations: Softer inflation data triggered gains across major U.S. stock indices, […]

The post Fed Getting Closer to Cutting Rates? Inflation Weakens, but Risks Remain appeared first on Action Forex.

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04/12/2024

USDJPY Fights for a Close Above 150

USDJPY stuck within 149.55-150.00 area Short-term risk is skewed to the downside ADP Jobs data, ISM non-mfg PMI on the agenda USDJPY is pushing again for a close above the 150.00 number and the 200-day exponential moving average (EMA) after closing around the 149.55 base for the third consecutive trading day on Tuesday. There is no […]
02/05/2024

Canada’s Trade Accounts Register a $2.3 Billion Deficit in March

Canada’s merchandise trade balance swung to a $2.3 billion deficit in March, while February’s surplus was revised lower to $476 million. Exports, which fell by 5.3% in March, gave back most of last month’s hefty gain. The contribution to the decline was broad-based, with 9 of 11 sectors falling. Gold and other metal exports continue […]
08/05/2025

Elliott Wave Perspective: Oil’s (CL) Rally Likely to Stall, Signaling Deeper Losses

The current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wave (W), followed by a rally to 65.07, […]