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Markets are eagerly awaiting the outcome of the Fed meeting. Economists and analysts are unanimous that no rate changes are expected, and the rate will remain in the current range of 4.25%-4.50%. Despite developments in India and Pakistan and news of upcoming talks between the US and China, the market is poised for strong moves, […]

The post FOMC Ahead: Will Powell Surrender the Dollar to Trump? appeared first on Action Forex.

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24/06/2024

Yen Steadies After Dreadful Week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index. There are no economic releases in the US but […]
23/01/2025

Canadian Dollar Steady Ahead of Retail Sales

The Canadian dollar is showing limited movement on Thursday. In the European session, USD/CAD is trading at 1.4396, up 0.13% on the day. The Canadian dollar started the week with sharp gains of over 1% but has since given up about half of those gains. Canada’s retail sales expected to have declined in November Canada’s […]
10/12/2024

GBPNZD Wave Analysis

GBPNZD reversed from key resistance level 2.1840 Likely to fall to support level 2.1600 GBPNZD currency pair recently reversed down from the resistance zone between the key resistance level 2.1840 (which has been reversing the pair from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone will likely form the […]