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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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02/04/2024

GBPUSD Starts April With a Drop

GBPUSD moves sharply down on the first trading day of April 2024 neutral trajectory valid above 1.2500 GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the downward pattern from the March high. Given the price’s position at the bottom of the 2024 range and around the […]
15/11/2024

USDCAD Wave Analysis 14

USDCAD broke resistance level 1.3950  Likely to rise to resistance level 1.4050 USDCAD currency pair rising strongly after the earlier breakout of the resistance level 1.3950 (former multi-month high from August). The breakout of the resistance level 1.3950 accelerated the active short-term impulse wav 3 of the higher order impulse wave (3) from the end […]
12/03/2024

Japanese Yen Weakens After Five Sessions of Gains

The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption. Firstly, the US dollar has halted its rapid decline and shows signs of strengthening. This shift has led to a “pause” in the rally on the currency market. Secondly, investors have already priced in the […]