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The Chinese stocks extended gains on Monday as China announced more stimulus measures and investors rushed to buy before the markets closed for national holiday today. The CSI 300 index jumped more than 8% on Monday and was up by a whopping 26% in six sessions. The Chinese stimulus measures would normally bring joy to […]

The post ECB Can Afford to Take a More Dovish Stance appeared first on Action Forex.

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EURUSD Turns Neutral Amid Double-Top Formation

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06/06/2024

Focus Turns to Europe and to ECB Today

Markets Make it five. Five consecutive days of rallying US Treasuries on the (consequences of) the same theme: fading growth momentum and what it might mean to the Fed. At the front end of the curve, we’ve seen the obvious swing back from a first cut in December to the Fed pulling the trigger already […]
05/03/2024

Will NFP Report Confirm Fed’s ‘Higher for Longer’ Mantra?

Market scales back rate cut expectations Inflation is not cooling as fast as expected Powell testifies before Congress on Wednesday and Thursday Spotlight to turn to NFP report on Friday at 13:30 GMT Investors get closer to the Fed’s dot plot At its latest gathering, the FOMC appeared less dovish than expected. Policymakers decided to […]
12/06/2024

Bitcoin Under Pressure: Dips Ahead of Crucial Fed Meeting

Key Highlights Bitcoin price started another decline from the $72,000 resistance zone. BTC traded below a key bullish trend line with support near $68,250 on the 4-hour chart. Gold prices consolidate near the $2,320 resistance zone. The Fed is likely to keep interest rates at 5.5%. Bitcoin Price Technical Analysis Bitcoin price failed to clear […]