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ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation is no longer the sole focus, as economic growth has gained equal importance, although central banks still prioritize maintaining symmetrical […]

The post ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data appeared first on Action Forex.

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26/03/2024

XAUUSD: Markets Slow Down Ahead of NFP

Gold prices rose on Monday as the US Dollar weakened amidst speculation about potential Federal Reserve rate cuts starting in June. This weakened Dollar was partly due to improved risk sentiment pushing US Treasury yields lower. Despite facing challenges from declining yields, gold prices recovered to nearly $2,170 per troy ounce, driven by the Dollar’s […]
17/08/2024

Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium

Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, […]
25/07/2024

EURUSD Pulls Back Towards Converging SMAs

EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since […]