Logo-color Logo-white

Markets “Overall borrowing between 2024-25 and 2028-29 is higher than the March forecast by £142.2 billion, an average of £28.4 billion a year. This represents one of the largest fiscal loosenings of any fiscal event in recent decades.” It’s the UK Office for Budget Responsibility’s summary of Chancellor Reeves autumn Budget yesterday. UK gilts initially […]

The post Bank of Japan Delivered Much-Anticipated Status Quo appeared first on Action Forex.

previous

Gold Leaps Ahead: Are More Gains on the Horizon?

next

US GDP Update Came in Slightly Softer Than Expected

Read More

08/12/2023

Euro Flat as German Inflation Declines

German inflation confirmed at -0.4% US nonfarm payrolls project to accelerate to 180,000 The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0774, down 0.17%. The euro has struggled lately against the US dollar and has slipped 2.2% since November 28. German inflation confirmed at -0.4% Germany’s economy is […]
20/03/2024

NZDUSD in the Red Again Ahead of Fed

NZD remains on the back foot against USD NZDUSD has finally broken below its one-year-long rectangle Momentum indicators acknowledge the current bearish move NZDUSD is recording another red candle today and it is trading below the lower boundary of the one-year-old rectangle and the busy 0.6060-0.6092 area. It has actually registered a new 2024 low […]
27/08/2024

EUR/USD Rally Seems Unstoppable, Can It Continue?

Key Highlights EUR/USD rallied above the 1.1050 and 1.1120 resistance levels. A major bullish trend line is forming with support at 1.1120 on the 4-hour chart. Oil prices started a steady increase above the $76.00 resistance. GBP/USD surpassed the 1.3050 and 1.3080 resistance levels. EUR/USD Technical Analysis The Euro remained strong and climbed above the […]