Logo-color Logo-white

Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut looks set to come in June, subject to further confidence on the three criteria that have guided ECB policy making through the past year. The next to no new policy signals left markets largely unchanged. Limited new signals The ECB […]

The post ECB Review: The Direction is Clear appeared first on Action Forex.

previous

Sunset Market Commentary

next

European Central Bank On Course For June Easing

Read More

30/01/2024

Swiss Franc Recovering, But Will SNB Shift Policy?

The Swiss franc has edged higher on Monday. In the European session, USD/CHF is trading at 0.8618, down 0.25%. SNB concerned about Swiss franc’s surge The Swiss National Bank isn’t shy about intervening on the currency markets, as it views intervention as an important tool to keep the Swiss franc competitive for export purposes. The […]
09/05/2024

Japanese Yen Lower After BoJ Minutes

The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April 26th meeting earlier today. The meeting […]
19/04/2024

Halving Helped Bitcoin Digest Sell-off

Market picture The crypto market was relatively quick to digest the sell-off that gripped markets following Israel’s attack on Iran. The capitalisation rose 4.7% in 24 hours to $2.33 trillion, but this is down from $2.62 trillion seven days earlier. Halving and strong technical support are supporting a ‘buy on dips’ pattern in Bitcoin, and […]