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Today’s ECB policy meeting saw no changes to the policy rates, as unanimously expected across analysts and market pricing, hence the deposit rate was maintained at 4%. The ECB already surprised with an announcement today of its schedule for PEPP reinvestments for next year. ECB decided to end full PEPP reinvestments from H2 24 by […]

The post ECB Review: A Conditional Push-Back appeared first on Action Forex.

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Sunset Market Commentary

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Bank of England Review – Push-Back on Rate Cut Expectations

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16/01/2024

Sunset Market Commentary

Markets With US investors returning from the Martin Luther King Holiday, question was whether US markets would join yesterday’s rebound in German yields. Or would they maintain their soft bias as was the case after last week’s CPI and even more US PPI data? Early in Asian and European dealings, US yields indeed copied the […]
01/04/2024

Bitcoin Sets the Stage for Growth

Market picture The crypto market capitalisation fell to $2.63 trillion. – the bottom of the range for the week. The top coins have moved without momentum over the past 24 hours, with losses for BTC (-0.9%), Ethereum (-1.9%) and BNB (-3%), but gains for Solana (1.4%), Dogecoin (+0.5%) and Toncoin (+2%). Bitcoin was once again […]
02/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum. However, there is a potential for price to make a bullish rise towards the 1st resistance. The 1st resistance level at 101.46 is identified as an overlap resistance that aligns with the 23.60% Fibonacci retracement level. Higher up, the 2nd resistance level […]