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The Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 4.25% to 4.50% range and announced it would continue its balance sheet runoff. The Fed justified its decision to hold rates steady by highlighting that the economy “continued to expand at a solid pace”, while inflation still remains “somewhat elevated”. On […]

The post Fed Pauses Rate Cut Cycle as Tariffs Loom Large appeared first on Action Forex.

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FOMC on Hold and In No Hurry to Cut Further

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ECB Takes the Stage After Trio Yesterday

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06/02/2025

ISM Services Index Falls to Start 2025, But Continues to Signal Hrowth 

The ISM Services index fell 1.2 points to 52.8 in January, slightly short of the 54.0 consensus was expecting. However, fourteen industries out of eighteen reported growth, up from nine in December and back in line with November. Business activity tumbled last month, falling 3.5 points to 54.5, more than giving back last month’s improvement […]
30/11/2023

Crypto Market: Another Pullback Within the Framework of Growth

Market picture The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks. Bitcoin underwent a sell-off on Wednesday afternoon from the upper end of an upward range above $38.4K. Countless times, […]
07/08/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.5110 Likely to fall to support level 1.5000 EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 1.5110 created the weekly […]