Month: January 2022

EUR/AUD’s choppy rise from 1.5559 resumed last week. Initial bias is now mildly on the upside this week for retesting 1.6168 resistance. Break there will resume the rise from 1.5354 to 1.6434 resistance. On the Read more…

EUR/CHF’s down trend resumed last week and dipped to 1.0298, but quickly recovered. Initial bias is neutral this week first. While stronger recovery cannot be ruled out, upside should be limited well below 1.0510 resistance. Read more…

The FOMC meeting turned out to me more hawkish than expected and markets are now pricing in four to five hikes this year, instead of three. Dollar was given a strong boost and surged broadly Read more…

Monday, Jan 31, 2022 Tuesday, Feb 1, 2022 Wednesday, Feb 2, 2022 Thursday, Feb 3, 2022 Friday, Feb 4, 2022 The post Summary 1/24 – 1/28 appeared first on Action Forex.

Summary United States: Moderating Growth and a More Aggressive Fed The economy had the wind at its back in 2021 with generous fiscal policy and an accommodative Fed. Inflation and supply chains were the key Read more…

U.S. Highlights The Fed left the policy rate unchanged at this week’s FOMC meeting but signaled that a rate hike was imminent come March. Uncertainty on the pace of hikes post March remains elevated, contributing Read more…

Last week, the FOMC met and Powell delivered a hawkish press conference which turned up the fire under already volatile markets.  Not to be overlooked, the Bank of Canada set the table for a rate Read more…

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king Read more…