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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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19/02/2024

EURJPY Price Action and Technical Analysis Overview

Talking Points: FOMC January 31st, 2024, Meeting Minutes. Technical Analysis EUR/JPY 8-Hour chart Commitment of Traders Report – EUR/JPY OANDA’s Position Ratio Indicator FOMC January 31st, 2024, Meeting Minutes This Wednesday, markets await the FOMC minutes for their latest meeting on January 31st, 2024; it is not expected that there will be any significant surprises […]
27/08/2024

Germany’s Multi-Year Stagnation

The final reading confirmed a 0.1% contraction in the German economy in the second quarter, with a modest growth of 0.3% y/y and stagnation close to the same level of March 2022, just 0.3% above the 2019 peak vs 9.3% in the US over the same period. The unpleasant surprise came from GfK’s assessment of […]
17/10/2024

EUR/USD: Holds Near Multi-Week Low Ahead of ECB’s Widely Expected 0.25% Rate Cut

The euro fell to the lowest in 2 ½ months in early European trading on Thursday, holding firmly in red for the fourth straight day, a part of larger three-week downtrend. Markets await the ECB’s policy decision, due later today, with wide expectations that the central bank will deliver the third rate cut this year. […]