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The end of June and the beginning of July are packed with significant economic and political events for the pound and the euro. A few weeks ago, Emmanuel Macron dissolved the parliament and announced snap parliamentary elections. He took this step after the far-right National Rally led by Marine Le Pen secured first place in […]

The post European Currencies Face a Crucial Test: What to Expect appeared first on Action Forex.

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02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]
28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]
17/07/2024

Bitcoin Faces $66K Challenge: Can the Bull Run Continue?

Key Highlights Bitcoin price rallied above the $62,000 and $64,500 resistance levels. BTC is trading above a key bullish trend line with support at $61,550 on the 4-hour chart. Gold bulls are eyeing more upsides above the $2,480 level. USD/JPY is consolidating losses above the 157.50 support. Bitcoin Price Technical Analysis Bitcoin price started a […]