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Next week, on Thursday 7 March, the ECB is set to take another step in its policy normalisation process, from a restrictive monetary policy stance towards a neutral stance. The new staff projections on growth outlook are expected to be revised lower this year and broadly unchanged in 2025/2026. Inflation is set to be revised […]

The post ECB Preview – Policy Normalisation in Sight appeared first on Action Forex.

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13/03/2024

US Dollar Strengthens Amid Inflation Data

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted higher-than-expected inflation in the US for February, prompting adjustments to predictions about the easing of monetary policy by the Federal Reserve in June. The Consumer Price Index (CPI) […]
01/12/2023

Technical Outlook and Review

DXY: The chart for DXY (US Dollar Index) displays a bullish overall momentum. Potential price action suggests a bullish bounce off the 1st support. The 1st support at 103.17 is identified as a pullback support. It’s a significant level where buying interest may emerge, potentially propelling the DXY towards further gains. The 2nd support at […]
24/04/2024

GBP/USD Could Rally If It Clears This Barrier

Key Highlights GBP/USD is recovering higher from the 1.2300 support. It broke a connecting bearish trend line with resistance at 1.2420 on the 4-hour chart. EUR/USD is consolidating and aiming for a move above 1.0750. Crude oil prices found support near the $81.50 zone. GBP/USD Technical Analysis The British Pound extended losses and traded below […]