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The BoE meets on Thursday but low expectations for significant announcements Quarterly projections could support market expectations for rate cuts Pound would benefit against the US dollar from a hawkish BoE meeting First rate-setting meeting for 2024 The Bank of England holds its first gathering for 2024 on Thursday at 12:00 GMT, a day after […]

The post Could BoE Maintain Its Hawkish Stance? appeared first on Action Forex.

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15/08/2024

Crude Oil Prices Vulnerable: Is a Fresh Decline on the Horizon?

Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. A connecting bullish trend line is forming with support at $76.15 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1020 resistance. Bitcoin seems to be facing hurdles near the $61,500 level. Crude Oil Price Technical Analysis Crude oil prices recovered above the […]
11/07/2024

Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable

EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot level. There is a key bullish trend line forming with support near 1.0820 on the hourly chart of EUR/USD at […]
26/03/2024

Ethereum ETHUSD Buying The Dips After Elliott Wave Double Three

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Ethereum ETHUSD published in members area of the website. As our members know ETHUSD has recently made pull back that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from the […]