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Next week, the ECB is set to cut rates for the fourth time this year. Unlike the previous three cuts, the outcome of next week’s rate decision is not given as 1) the restrictive policy stance, 2) the deteriorating growth outlook, and 3) inflation at target has opened discussions of a 50bp cut. While a […]

The post ECB Preview: A Disputed 25bp Rate Cut appeared first on Action Forex.

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Sunset Market Commentary

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Weekly Economic & Financial Commentary: The Song Remains the Same

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21/08/2024

Sunset Market Commentary

Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US Treasuries might provide some insight on […]
17/10/2024

EUR/USD Technical: Overstretched Decline Heading into ECB Meeting

A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support on the EUR/USD. In the past four weeks, the EUR/USD has plummeted by 3.3% from its 25 September high of […]
12/04/2024

USDCAD Reaches New 2024 High; Could This Move Continue?

USDCAD trades higher again, tests strong resistance level It is the bulls’ first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher again today, recording its fourth consecutive green candle and reaching a new 5-month high. USDCAD is trying to break decisively […]