Logo-color Logo-white

In focus today Today, focus will remain on investors digesting the US election result. In addition, German political uncertainty has resurfaced (see below) and we are in for several important monetary policy decisions. We expect Fed to cut rates by 25bp to 4.75%, the BoE to cut by 25bp to 2.75%, the Riksbank to cut […]

The post Rate Decisions and German Politics Join US Election as Key Market Focus Areas appeared first on Action Forex.

previous

Bitcoin Price Soars To Record Levels Amid Trump’s Presidential Win

next

After Outsized Politically-Driven Repositioning, Markets Return to Normal Dynamics

Read More

03/01/2024

USDJPY Buyers Appear Strong in 2024

USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance  coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has strengthening, and the MACD is keeping its footing above its red […]
05/04/2024

Sour Mood Ahead of US Jobs Data

Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level on rising tensions between Iran and Israel after Israel bombed the Iranian embassy in Damascus earlier this week. The barrel […]
20/04/2024

Euro Edges Higher, ECB Eyes June Cut

Euro recovers after dip The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1.8% and dropped as low as 1.0601 this week, its lowest […]