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The euro has extended its gains on Friday. EUR/USD is trading at 1.1091 in the European session at the time of writing, up 0.13% today. The euro has climbed 0.7% since the ECB’s rate cut on Thursday. ECB lowers rates to 3.5% The European Central Bank delivered as expected on Thursday, trimming the key interest […]

The post Euro Rises After ECB Cuts Interest Rates appeared first on Action Forex.

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25/03/2024

USDJPY- Bulls Hold Grip for Further Gains after Consolidation

Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks. USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from BoJ’s rate hike last week, as investors do not expect the central bank to be […]
23/08/2024

GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones

Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy positions after a pullback (with prior PAR* formation) above 1.3103 with TP1: […]
02/01/2024

Goodbye 2023 and Hello to a Potentially Volatile 2024

Auld Lang Syne to 2023 and welcome 2024! Here is a recap of the key highlights that shocked global markets in 2023 and the potential emerging themes to look out for in 2024 as well as my “Chart Of The Year”. 2023 key highlights & cross-assets performances in the past 2 years Fig 1: Cross […]