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The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate cuts coming The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s […]

The post Euro Stabilizes, ECB Starts Talking Rate Cuts appeared first on Action Forex.

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US100: Consolidated and Preparing Correction Below 18100. Key Levels on H4

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03/07/2024

Cable Ready to Correct Deeper Going into UK Elections

Cable is turning south for the last few weeks, as price stopped at the trendline connected from 2023 high so we certainly should not be surprised by current retracement. Break below the channel support also confirms a corrective phase for the pound, against the previous five wave rise, especially after latest UK CPI figures and […]
02/09/2024

Dollar Index Outlook: Bulls Lose Traction But Hold grip, as Markets Await US Labor Data

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09/09/2024

EURCAD Wave Analysis

EURCAD reversed from pivotal support level 1.4900 Likely to rise to resistance level 1.5100 EURCAD currency pair recently reversed from the pivotal support level 1.4900 (a former monthly high from July, which stopped the previous correction (4)). The support level 1.4900 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction […]