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Yes, Mesdames et Messieurs, the first round of the French legislative election went totally according to the plan for Marine Le Pen’s Nationally Rally which secured one vote over three and became the first far-right party to top the legislative elections in France. The New Popular Front – the alliance of left and greens – […]

The post Euro, European Equities Rally, But French Election Tempest Far From Over appeared first on Action Forex.

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EUR/USD Recovery Runs Into Resistance, Can It Continue Higher?

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EUR/USD Rises Towards 1.076

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15/03/2024

BoJ Hike in Sight – But No Reason to Rush

The inflation target has been met for 22 consecutive months. Price pressures consistently rhymes with 2% annual inflation but the sustainability of that depends on wage increases. We think the BoJ is almost ready to hike the interest rate to zero and dismantle yield curve control. However, we see no reason to rush and expect […]
15/02/2024

Ethereum Price Exceeds $2,800

The last time the ETH/USD price was at this level was in May 2022, which was the start of a massive drop of more than 65% in 1.5 months. However, now the ETH/USD market is dominated by bullish sentiment, for the following reasons: → deployment of the Dencun update on the Ethereum network this month, […]
29/04/2024

EUR/USD Eyes Recovery But Faces Uphill Task

Key Highlights EUR/USD started a recovery wave from the 1.0600 zone. A key bullish trend line is forming with support at 1.0680 on the 4-hour chart. GBP/USD is eyeing an upside break above the 1.2550 resistance zone. Gold prices are consolidating near the $2,320 zone. EUR/USD Technical Analysis The Euro extended its decline below the […]