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Markets Dutch chipmaker ASML sent shockwaves through the broader equity market yesterday. In its earnings report that it accidentally published one day ahead of schedule, Europe’s high-profile tech company cut the outlook for next year amid far less orders than investors expected. The EuroStoxx50 fell of a cliff after word from the economy-sensitive company got […]

The post A BoE 25 bps November Cut Priced In appeared first on Action Forex.

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18/06/2024

GBP/USD Dips as Bulls Take a Breather, Key Levels To Watch

Key Highlights GBP/USD started a downside correction from the 1.2860 resistance. It traded below a key bullish trend line with support at 1.2720 on the 4-hour chart. EUR/USD is eyeing a recovery wave from the 1.0665 support zone. Oil prices are moving higher toward the $80.80 resistance. GBP/USD Technical Analysis The British Pound peaked near […]
29/07/2024

AUD/USD Gains Amid Anticipation for Key Economic Data

The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened amid a global sell-off in risky assets and also […]
04/12/2023

December Flashlight for the FOMC Blackout Period

Summary We look for the FOMC to keep rates on hold at its December 13 meeting, an expectation that is universally shared. If realized, the third consecutive hold would suggest that, rather than the FOMC merely hiking at a slower pace, the fed funds rate probably has reached its terminal level of this cycle. Both […]