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ECB meets with near zero chances for a rate cut ECB members continue to disagree about the rates outlook A dovish shift looks unlikely as the focus rests with the Fed Euro showing unexpected strength despite political unrest ECB meets but all eyes remain on the US The ECB is preparing for the last meeting […]

The post ECB Could Disappoint Expectations for a Dovish Shift appeared first on Action Forex.

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Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive US Retail Sales Data

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03/03/2024

Will GBPJPY Rebound Again?

GBPJPY breaks below key support area after new high Technical signs weaken, but 20-day EMA comes to the rescue again GBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the third consecutive day on Thursday to find support around the 20-day exponential moving average (EMA) at 189.50. The line had protected the market […]
22/05/2024

GBP/USD: Cable Hits Two-Month High After Inflation Data

Cable rose to two-month high (1.2761) on Wednesday, after UK inflation data for April showed that prices pressure eased below expectations, hurting bets for BoE’s June rate cut. Fresh acceleration higher generates initial signal of bullish continuation after the price action held in a sideways mode in past two days and struggling to register a […]
17/06/2024

RBA Policy Meeting May Be Muted; Aussie Remains Choppy

RBA interest rate expected to remain unchanged Sticky inflation and economy’s uncertainty still a concern Aussie holds in downward channel ahead of Tuesday’s decision at 04:30 GMT Australia’s uncertain economy and sustained inflation The Reserve Bank of Australia (RBA) is scheduled to announce its June policy decision early on Tuesday, likely maintaining the central bank’s agenda. The policymakers had anticipated that their responsibilities would […]