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In focus today We have three central bank policy decisions today, from Norges Bank (NB), the Swiss National Bank (SNB), and the Bank of England (BoE) We expect the SNB to keep the policy rate unchanged at 1.50% today after delivering its first cut at the March meeting. The recent strengthening of the CHF poses […]

The post No Rate Cuts Expected from SNB, BoE, or NB today appeared first on Action Forex.

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21/06/2024

Market Analysis: Gold Price and Crude Oil Price Turn Green

Gold price started a fresh increase above the $2,335 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $82.50. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,300 zone against the US Dollar. A connecting bullish trend line is forming with support […]
10/07/2024

RBNZ Review: Keeping It Tight… For a While

The RBNZ left the OCR at 5.5% as expected. The RBNZ took a more dovish view – easing looks to be coming earlier than they previously thought. The short-term inflation outlook seems more comfortable for the RBNZ. But it’s the weaker growth momentum that seems especially top of mind. The RBNZ’s monetary policy strategy is […]
25/01/2024

ECB Will Keep Key Parameters of Monetary Policy Unchanged

Markets January PMI surveys went from a moderating downturn with intensifying price pressures (EMU) over a recovery in the private sector gaining momentum coupled with higher input costs related to the Red Sea crisis (UK) to the Goldilocks combination of rapid output growth with cooling price pressure (US). The latter nevertheless came with the important […]