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In focus today Today, we look out for the ECB bank lending survey for Q1 2024. The survey gives information on euro area bank lending and credit conditions, which is an important input for the growth outlook. In the latest survey, banks still reported a net tightening of credit standards but to a smaller extent […]

The post ECB Bank Lending Survey Will Give Insights into Credit Conditions appeared first on Action Forex.

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20/08/2024

As Crypto Market Tests Resistance, Solana Eyes Support

The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices, cryptocurrency buyers may feel more confident. Bitcoin, having added 3.2% since the start of the […]
28/05/2024

EUR/USD: Bulls Hold Grip and Eye Key Barriers as Markets Await Release of German CPI Data

The Euro keeps firm tone on fading hopes for ECB rate cut, with markets focusing on tomorrow’s release of German inflation data (annualized CPI expected to rise in May). The bull leg off higher low at 1.0805, where 100DMA contained recent pullback, extends into third straight day and pressuring pivotal barriers at 1.0891/95 (Fibo 76.4% […]
05/07/2024

Week Ahead – Round Two of French Elections, Powell Testimony and US CPI

French parties race to block Le Pen’s RN Powell testifies before Senate Banking Committee US CPI data to shake Fed rate cut bets RBNZ to leave OCR untouched, focus on language Euro traders keep gaze locked on French election Traders will be sitting on the edge of their seats on Sunday, in anticipation of Monday’s […]