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US equity markets tumbled due to President Trump’s tariff proposals, raising global growth concerns. Federal Reserve Chair Jerome Powell acknowledged tariffs’ impact, emphasizing monitoring inflation and waiting for more data. The upcoming week focuses on further tariff developments, US jobs data, and central bank decisions in Australia and New Zealand. Technical analysis shows that the […]

The post Markets Weekly Outlook – FOMC Minutes, Tariff Developments and Inflation Ahead appeared first on Action Forex.

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Focus on Inflation Trends in Canadian Business Survey and U.S. CPI

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09/07/2024

Australian Dollar Drifting After Mixed Confidence Data

The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair Powell testifies before the US Senate banking committee later today. Australian confidence indicators presented […]
05/02/2025

USD/JPY: Falls to 7-Week Low as Strong Japanese Wage Growth Boosts Bets for BoJ Rate Hike

USDJPY fell nearly 0.9% in Asian – early European trading on Wednesday as the dollar remains at the back foot for the third straight day, while yen received fresh boost from stronger than expected rise of earnings in Japan that adds to scenario of more BoJ rate hikes. Today’s drop below temporary base / 50% […]
13/12/2023

EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening and even signal rate cuts […]