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In focus today Today’s main events will be the US May CPI at 14.30 CET followed by the FOMC rate decision at 20.00 CET. We expect the Fed to maintain monetary policy unchanged in line with broad consensus and market pricing. The median rate projection on the updated ‘dot plot’ is likely to signal only […]

The post US CPI and FOMC Rate Decision Today appeared first on Action Forex.

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07/12/2023

Gold Price Trims Gains, Can This Key Support Hold?

Key Highlights Gold prices rallied toward $2,150 before a downside correction. It broke a key bullish trend line with support near $2,035 on the 4-hour chart. Crude oil prices extended losses and traded below the $72.00 support. EUR/USD failed to stay above the key 1.0820 support. Gold Price Technical Analysis Gold rallied above the $2,000 […]
25/06/2024

Bitcoin Plummets Below $60K: Analyzing the Sudden Crash

Key Highlights Bitcoin price started another decline below the $60,000 support zone. BTC is trading below a major bearish trend line with resistance at $63,800 on the 4-hour chart. EUR/USD remained stable and attempted to recover above 1.0720. Oil prices are eyeing more upsides above the $82.50 resistance. Bitcoin Price Technical Analysis Bitcoin price failed […]
06/08/2024

AUDUSD Stays in One Piece After Flash Crash

AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to a nine-month low of 0.6346 on Monday, marking its worst daily performance since the pandemic, but it quickly found fresh buying […]