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In focus today Today, the main event of the week will be when ECB announce their rate decision at 14:15 CET. We 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 […]

The post All Eyes on ECB appeared first on Action Forex.

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ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

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29/05/2024

GBP/JPY Hits New Multi-Year High

The GBPJPY cross continues to trend higher and establishing above 200 mark (Monday’s close above this level was the first since Aug 2008). Bulls cracked barrier at 200.50 (Apr 29 spike high), with sustained break here to open way for further acceleration. Sterling remains supported by strong divergence between the interest rates of BoE and […]
25/06/2024

Could Tokyo CPI Make the July BoJ Meeting a Live Pne?

BoJ meeting minutes summary keep the door open to a July rate hike Key data due this week, especially Friday’s Tokyo CPI Retail sales data to show consumer appetite Yen remains under pressure as officials avoid verbal intervention The BoJ is still willing to hike rates On June 14, the Bank of Japan kept its […]
08/04/2024

EURUSD Undecided Near Converging SMAs

EURUSD fluctuates near its 50- and 200-day SMAs Forms two successive doji candles, unable to adopt a direction Momentum indicators strengthen but remain negative EURUSD experienced an aggressive decline before finding its feet at 1.0722, a region that also held strong in February. Despite its attempt to rebound, the pair has met strong resistance at the congested […]