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The minutes from the December 17-18th Federal Open Market Committee (FOMC) meeting released today confirmed that, while the committee still expects inflation to move toward 2 percent, there is greater concern than at the prior meeting that progress on inflation has stalled. On the central question of inflation, “participants expected that inflation would continue to […]

The post Fed Minutes Confirm Expectations of Slower Pace of Rate Cuts in 2025 appeared first on Action Forex.

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29/11/2023

USD/JPY: Bears Consolidating for Fresh Push Through Daily Cloud Base

USDJPY bounces from new ten-week low on Wednesday, as bears faced headwinds on probe through the base of daily cloud (147.38) and from 100DMA (146.97). Fresh jump was sparked by dovish comments from BoJ policymaker, who said that it is still early to talk about exiting from negative rate policy. However, bounce is likely to […]
04/01/2024

New Vigor on Bond Market Curtailed Dollar’s Momentum

Markets The US eco calendar provided first meaningful input for 2024 trading yesterday. Data strengthened the goldilocks scenario of growth stabilizing at a low, but no recessionary, level in combination with a labour market turning less tight and an ongoing disinflationary process. The manufacturing ISM recovered marginally more than expected (47.4 from 46.7), but remains […]
11/04/2024

AUDUSD Plummets in the US CPI Aftermath

AUDUSD drops 1.7% on hotter-than-expected US CPI data Violates both 50- and 200-day SMAs before finding its feet Momentum indicators deteriorate drastically AUDUSD had been in a steady advance since the beginning of April, posting a fresh one-month high of 0.6643 on Tuesday. However, the pair experienced a strong decline and erased all its progress following a […]