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Markets “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.” A strongly divided committee (on the near term future) decided to implement a back-to-back 25 “risk management” bps rate cut yesterday, but in no way wanted to put the Fed policy on a preset course […]

The post Strongly Divided FOMC Decided to Implement a Back-to-Back 25 “Risk Management” bps Rate Cut appeared first on Action Forex.

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06/06/2024

EUR/USD: Bulls Hold Grip Ahead of Key Event – ECB Policy Decision

The Euro edged higher on Thursday morning and partially reversed a two-day pullback from new multi-week high (1.0915), but today’s action was so far choppy and lacking direction, as traders await the verdict from the ECB later today. The European Central Bank policymakers meet today and widely expected to deliver the first rate cut by […]
18/02/2025

And So It Begins… RBA Cuts Cash Rate 25bp to 4.1%

As expected, RBA cuts cash rate 25bp to 4.1%. But a hawkish tone in the forecasts and rhetoric cements our view that RBA will move slowly from here. As was widely expected, the RBA cut the cash rate today, by 25bp, to 4.1%. Inflation has declined faster than the RBA’s previous forecasts implied, with underlying […]
25/07/2024

Elliott Wave Intraday Analysis: Ethereum (ETHUSD) Pullback In Progress

Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at […]