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Summary The European Central Bank (ECB) lowered its Deposit Rate by 25 bps to 3.00% at today’s monetary policy announcement, and the accompanying statement was noticeably dovish in tone. In particular, the ECB’s medium-term forecasts for underlying inflation were slightly below the 2% target, and the central bank removed its pledge to keep policy rates […]

The post European Central Bank Maintains Steady Easing, Swiss National Bank Accelerates appeared first on Action Forex.

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23/12/2024

USDCHF Wave Analysis

USDCHF reversed from resistance zone Likely to fall to support level 0.8860 USDCHF currency pair recently reversed down from the strong resistance zone located between the round resistance level 0.90000 (which has been reversing the pair from the idle of last year) and the upper weekly Bollinger Band. The resistance level 0.90000 was further strengthened […]
24/12/2024

USDJPY Wave Analysis

USDJPY reversed from key support level 156.35 Likely to rise to resistance level 158.00 USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week). The upward reversal from the support level 156.35 continues the active minor impulse waves iii […]
04/04/2024

Dollar Index: Remains at the Back Foot Ahead of Key US Data

The dollar index remains in red for the third straight day and extend pullback from new multi-week high (104.83). Fresh bears pressure pivotal supports at 103.84/80 (Fibo 38.2% of 102.26/104.83 / top of thick daily Ichimoku cloud), with more obstacles seen at 103.60/40 zone (converging 20/55/200DMA’s / 50% retracement). Firm break of these supports would […]