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Next week’s ECB meeting is set to see few, if any, new policy signals, given the limited new information that has been released since the December meeting. We expect President Lagarde to confirm that the next policy rate change is most likely a cut, which may happen in summer. It remains to be seen whether […]

The post ECB Preview: Stocktaking appeared first on Action Forex.

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19/09/2024

Sunset Market Commentary

Markets The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on the back of last month’s inaugural move. The central bank also announced an intention to reduce the stock of UK government bond purchases held for monetary […]
28/05/2024

EURAUD Wave Analysis

EURAUD reversed from resistance level 1.6365 Likely to fall to support level 1.6210 EURAUD currency pair previously reversed down from the key resistance level 1.6365, former support from April and January. The resistance level 1.6365 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous downward impulse 1 […]
17/04/2024

Cable Finds Some Support after UK CPI – Elliott Wave Analysis

Cable found some footing and appears to be seeking stability after the latest inflation report. The CPI on a y/y basis was reported at 3.2%, a decrease from 3.4%. However, Cable is still ticking slightly upward because the forecast was 3.1%, and this miss has impacted sentiment. From an Elliott wave perspective, we see the […]