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Fed governor Jerome Powell will be in the spotlight again the coming week with the upcoming FOCM meeting on Wednesday where rates are widely expected to stay on hold (market prices only 7% probability of a rate cut). That is likely to draw the ire of US President Donald Trump who repeated this week that “he should […]

The post Weekly Focus – Powell in the Spotlight appeared first on Action Forex.

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03/09/2024

Weak Swiss Inflation Paves the Way for Further Rate Cuts

Swiss inflation slowed to 1.1% y/y in August from 1.3% the previous month, below the 1.2% expected. In April and May, the rate of price increases rose to 1.4% y/y but later started to fall again, losing 0.2% in the last three months. The Swiss National Bank cut its key interest rate twice, in March […]
02/12/2023

Will RBA Maintain Tightening Bias After CPI Miss?

RBA is expected to hold rates in December after hiking last month But will it signal future hikes or will it turn more cautious? After soft CPI, RBA’s decision on Tuesday, 3:30 GMT, poses a risk for the aussie New governor has been beating the hawkish drum The Australian economy has been gradually losing steam […]
15/05/2024

EURCHF Wave Analysis

EURCHF rising inside impulse wave 3 Likely to reach resistance level 0.9835 EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from April. The active impulse wave 3 belongs to the higher order impulse wave (3) from the middle of April. Given […]