Some investors and traders believe that the Fed may “pivot” and reduce the pace of rate hikes as soon as the November 2nd FOMC meeting. According to the CME’s Fedwatch Tool, traders are 74% sure that the FOMC will hike rates by 75bps. However, there is also 26% chance that the rate hike will only […]
The post The US Dollar Index Getting Ready for Friday’s NFP! appeared first on Action Forex.
Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…