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Thursday’s UK elections expected to bring political change Similar developments in both 1997 and 2010 weighed on the pound History points to a significant easing in pound volatility across the board Recent FTSE 100 performance matches the 2015 pre-election moves General election in sight The UK general election will be held this Thursday, July 4, […]

The post Could Post-UK Elections Market Moves Resemble 1997 and 2010? appeared first on Action Forex.

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02/08/2024

USDCAD Hits 8-Month High, But It’s Not a Victory Yet

USDCAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking US nonfarm payrolls eagerly awaited at 12:30 GMT USDCAD began the month on a positive note, swiftly recovering from its recent setback and reaching an eight-month high of 1.3877, slightly above April’s peak of 1.3844. The […]
02/09/2024

BTC/USD Analysis: Bitcoin Price at a Crossroads

On 9 August, our analysis of the long-term BTC/USD chart noted that Bitcoin’s price was at a crossroads, moving within the bounds of two channels: → A bullish channel (shown in blue), which began forming in 2023 on the back of Bitcoin ETF approval rumours; → A bearish channel (shown in red), which started taking […]
19/09/2024

Fed Delivers ‘Hawkish’ 50bp Rate Cut

In focus today Today we will focus on multiple central bank monetary policy meetings. Norges Bank (NB) will announce its rate decision at 10.00 CET followed by a press conference at 10.30 CET. We believe that NB will keep the policy rates unchanged, and signal that rates will be kept at that level for some […]