Logo-color Logo-white

The EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market anticipation is now building ahead of an upcoming speech by Federal Reserve Chair Jerome Powell. Despite the looming potential for political deadlock in France, the euro […]

The post EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations appeared first on Action Forex.

previous

We Expect Fed Chair to Hold a Mildly Dovish Tone

next

Pound Preparing for Bullish Breakout

Read More

05/06/2024

Short Term Elliott Wave Structure in Oil (CL_F) Favors Downside

Short Term Elliott Wave in Oil (CL_F) shows incomplete Elliott Wave bearish sequence from 04.12.2024 high. Down from there, wave 1 ended at 76.15 like the 1 hour chart below shows. Rally in wave 2 unfolded in a zig zag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 78.05 and dips in […]
02/07/2024

Instrument of the Week (July 1—5): USDCHF Review!

The USDCHF pair, commonly called the “Swissie,” represents the exchange rate between the US Dollar and the Swiss Franc, providing insights into the economic dynamics between the United States and Switzerland. The US Dollar is influenced by the broader economic trends in the United States and decisions by the Federal Reserve, particularly concerning interest rates […]
14/05/2024

UK Labour Market Data Mixed

Markets Fed vice-chair Jefferson came with an important message to his colleagues. The current diversity of viewpoints among policymakers lends to stimulating debates and ultimately better policy. But… there’s a but… in such a situation, more communication could increase rather than reduce uncertainty about Fed policy. “The potential for misinterpretation is especially acute when many […]