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At next week’s policy meeting we expect the ECB to guide towards a more neutral policy outlook for the near term as we expect the ECB to virtually rule out the possibility of a further rate hike. That would mark the beginning of the end of the 4% policy rate level. This follows on the […]

The post ECB Preview: From How High to How Long appeared first on Action Forex.

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11/04/2024

WTI Oil Pauses Rally But Remains Supported

WTI oil futures step on 84.69 once again, hold near recent highs Technical indicators show some weakness, but trend signals are positive WTI oil futures kept their footing on the 61.8% Fibonacci retracement of the September-December downtrend at 84.69 on Wednesday and closed the day with mild gains at 86.24 after news that Iran may […]
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 […]
16/09/2024

New Zealand Dollar Jumps as Services PMI Accelerates

The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing. NZ Services PMI improves New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the […]