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Since last Friday’s Non-Farm Payrolls number, the Greenback has been getting obliterated, retreating from the 100.00 landmark in the DXY to touching high 97.00 levels. Markets are quickly moving towards a heavy pricing of FED cuts which is hurting the Dollar and supporting strongly Equities in their ongoing rebound. It will be essential to see […]

The post US Dollar Tries to Find Stable Ground appeared first on Action Forex.

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Cliff Notes: Fiscal Uncertainty a Concern for Both the Short and Long-Term

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16/03/2024

Fed preview – Taking Stock on QT and Data

We do not expect the Fed to make monetary policy changes in its March meeting, as broadly anticipated by both markets and consensus. Besides the obvious focus on rate cut timing cues, we will keep an eye on the updated rate and economic projections as well as more detailed discussion on QT. We think the […]
19/01/2024

Cliff Notes: Labour Market Critical to Households’ Resilience

Key insights from the week that was. The January edition of the Westpac-MI Consumer Sentiment Index showed cost-of-living pressures and concerns over elevated interested rates remain firmly entrenched in the minds of consumers. Highlighting the significance of these factors, at 81.0, the index is currently among the bottom 7% of observations since the inception of […]
04/07/2024

Bitcoin More Likely to Fall to $51.5K Than Rise to $65.8K

Market picture The crypto market plunged 3.6% in 24 hours to $2.17 trillion, its lowest level since late February. Triggered stop orders in this morning’s thinly liquid market added to the magnitude of the decline, sending Bitcoin briefly below $57.7K and Ethereum to $3150. Top altcoins are losing in a range from -0.7% (Tron) to […]