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The monetary policy decisions statement is released at 13:15 GMT President Lagarde et al could signal a policy shift in this communiqué The ECB staff projections could also hold the key to a rate cut soon The scheduled press conference takes place 30 minutes later Complementing the detailed ECB preview, this report focuses on the first […]

The post Dissecting ECB Monetary Policy Decisions Communiqué appeared first on Action Forex.

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21/08/2024

NZDUSD Hits Fresh 2-month High

NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its footing at a fresh 2024 low of 0.5848. In the near term, the pair sliced […]
04/12/2023

Brent “Does Not Believe” OPEC+

Brent oil prices fell to 78.30 USD per barrel on Monday. Despite OPEC+ decisions at the November meeting, oil prices are falling. The issue is that the actual parameters of OPEC+ quotas turned out to be lower than investors expected. This does not cancel out the Cartel’s powerful support on prices. However, the market cannot […]
27/05/2024

USD/JPY Steady as BoJ’s Ueda Urges Caution

The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other […]