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Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]

The post Could Eurozone PMI Surveys Cement September ECB Rate Cut? appeared first on Action Forex.

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13/12/2023

Nasdaq 100: It’s All About Liquidity to Maintain Current Bullish Momentum

Nasdaq 100 recent bullish trend has moved in synch with a significant improvement in the net US liquidity since late October 2023. The major liquidity contributor has been a significant drawdown in the Fed’s overnight reverse repo facility that negates the adverse effects of Quantitative Tightening (QT). Watch the 16,160 key short-term support ahead of […]
26/01/2024

Foreign Central Banks Take Center Stage

Summary It was a busy week for foreign central banks, with several offering their first monetary policy assessment of 2024. The Bank of Japan held monetary policy unchanged, but its announcement and updated economic forecasts kept it on track for an April rate hike, in our view. The Bank of Canada’s announcement was modestly dovish […]
27/08/2024

Elliott Wave Intraday Shows Bullish Sequence in GBPUSD

GBPUSD recently broke above previous peak on 7.14.2023 high at 1.3143 and shows a higher high bullish sequence from 9.26.2022 low. This leaves no doubt about the right side and direction of the pair which is higher. Near term, rally from 4.22.2024 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from […]