The FOMC Minutes showed the markets what many investors have already known, in particular: Many Fed officials said 1 or more 50bps hikes may be warranted FOMC backs roll off cap phase-in of 3 months or modestly longer $95 billion month cap for asset runoff likely appropriate (markets were looking for $80-$100 billion) However, this […]
The post FOMC Minutes: Good Stuff, But Nothing Markets Didn’t Already Assume appeared first on Action Forex.
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…
New Zealand’s ANZ Business Confidence dipped marginally in November, falling from 65.7 to 64.9, but it remains at what ANZ describes as an “impressive high” level. Own Activity Outlook, a key forward indicator, rose to Read more…