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Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France is not set to rise significantly (see scenario 1, page 2). Projections indicate that National Rally (RN) won the first […]

The post French Election: Public Spending Not Set to Rise Significantly appeared first on Action Forex.

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17/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. In this context, there is a potential scenario for price to make a bullish continuation towards the 1st resistance. The 1st resistance level at 103.50 is identified as a pullback resistance that aligns with the 78.60% Fibonacci retracement level. Higher up, the […]
20/06/2024

SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%

Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise. According to SNB Chairman Thomas Jordan: → Inflation in Switzerland is decreasing; → In recent weeks, the Swiss […]
26/03/2024

Australian Dollar Edges Higher, CPI Next

The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%. On today’s data calendar, the US will release two tier-1 events. Durable goods orders are expected to rebound with a 1.1% gain in February, after a 6.1% slide in January. The Consumer Board consumer confidence […]