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France has stepped into the crisis mode after a series of events – that included budget concessions to make Le Pen happy – ended with Le Pen not being happy. Consequently, Barnier used a constitutional tool to push his unpopular budget bill without a parliamentary vote and Le Pen said that she would take his […]

The post C’est La Crise appeared first on Action Forex.

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EUR/CHF: French’s Political Fiasco May Trigger a Major Bearish Breakdown

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24/09/2024

China Gets Serious About Boosting Growth

Support from the world’s major central banks, and the dovish expectations continue to rise this week. After lowering its 14-day reverse repo rate yesterday, the People’s Bank of China (PBoC) announced today that it will lower its 7-day reverse repo rate from 1.7% to 1.5% and its reserve rate – the amount of money that […]
12/06/2024

Euro Hits Monthly Low Amid Political Instability in France

The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections. French President Emmanuel Macron has called for early legislative elections after the far-right party’s strong showing. While Macron retains the presidency and […]
17/05/2024

USDCAD Bounces Off Medium-Term Uptrend Line

USDCAD recovers some ground above 1.3600 Oscillators suggest upside correction in short-term USDCAD has gained little over the last couple of sessions, and it managed to hold above the medium-term ascending trend line and re-enter the 1.3600 area, with the technical oscillators feeding prospects for possible positive short-term trading; the RSI is moving sideways slightly beneath its […]