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Summary We expect the FOMC to announce another 25 bps rate cut at the conclusion of its meeting on October 29. The government shutdown has clouded the U.S. economic outlook as most government data releases are currently delayed. The limited data that have been released suggest that gradual labor market softening has continued alongside inflation […]

The post October Flashlight for the FOMC Blackout Period: Data Vacuum Clouds the Outlook appeared first on Action Forex.

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29/10/2024

Nikkei 225: Bulls Still Holding the Line Despite Political Uncertainty

Impending potential fiscal stimulus measures are supporting the recent two days of rallies seen in the Nikkei 225. Technical analysis with TOPIX sector rotation suggests a likely start of a major impulsive up move sequence on the Nikkei 225. The biggest risk for Nikkei 225 bulls is likely the main CDP opposition party mounting a […]
07/02/2025

US: Payrolls Slow in January, But California Wildfires and Cold Weather Likely a Factor 

Non-farm payrolls rose 143k in January, slightly below the consensus forecast calling for a gain of 170k. This morning’s report also included more comprehensive benchmark revisions, which are done annually to better align the establishment survey figures to observed employment counts reported in tax filing data. The revisions showed the level of employment as of […]
08/05/2024

Persisting Pressure on Crypto

Market picture The crypto market has lost 2% of its capitalisation over the last 24 hours to $2.29 trillion. Bitcoin is losing 1.8%, Ethereum – 1.7%. Among the top altcoins, Solana is experiencing the biggest decline of 4%, while BNB has lost the least, just 0.5%. Bitcoin is drawing its fourth consecutive declining candle on […]