Logo-color Logo-white

Markets Several Fed policymakers hit the wires yesterday and showcased the broad array of views that led chair Powell to push back strongly against expectations for a December rate cut. To grab a few, Goolsbee (Chicago) said the threshold for cutting then is indeed higher than last month, citing concerns over inflation in the services […]

The post Several Fed Policymakers Showcase Broad Array of Views appeared first on Action Forex.

previous

Gold (XAU/USD) Price Forecast: Bullion Buoyant Above $4,000, Now Looks for Support Ahead of ADP Payrolls

next

FX Reserves Unlikely to Show Intervention in EUR/DKK

Read More

13/02/2025

Crypto Market on a Lower Floor

Market Picture The cryptocurrency market has been stabilising at a lower level since early February. The $3.3 trillion capitalisation mark is acting as resistance, causing the market to reverse downwards quite swiftly. In December, this level served as support. The Cryptocurrency Fear and Greed Index has risen to 50, trying to push off the local […]
29/10/2025

RBA to Hold in November, Inflation Too Hot to Handle

September quarter inflation materially above RBA’s August forecast drives a hold decision at November meeting. But delay now adds to the chances of more cuts next year. Inflation data implies a “material miss” to the upside on inflation. RBA Monetary Policy Board will therefore keep the cash rate on hold at its November meeting. The […]
13/12/2024

AUD/USD: Surviving at 0.6360 Key Support (For Now) But Long-Term Trend Remains Bearish

RBA has shifted to a less hawkish monetary policy stance. The interest rate swaps market has started to price in a higher chance of the first RBA interest rate cut to come in February 2025. The 2-year and 10-year yield spreads between Australian government sovereign bonds and US Treasuries continued to narrow. Growing risk for […]