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The ECB decided to cut its three policy rates by 25bp, in line with market expectations. The most important decision taken today, though, was to remove the pledge to keep monetary policy restrictive. The ECB now simply guides that it will use the three-tiered reaction function inputs as key metrics (inflation outlook, underlying inflation and […]

The post ECB Review: A Dovish 25’er appeared first on Action Forex.

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Year Ahead – Gold’s Golden Year: Will It Shine Even Brighter in 2025?

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01/07/2024

EUR/USD Rate Rises After First Round of Voting in France

According to Reuters, exit polls show that Marine Le Pen’s far-right party, the National Rally (RN), won the first round of parliamentary elections in France on Sunday. The financial market reacted to this with a rise in the euro’s exchange rate against other currencies. Specifically, the EUR/USD rate jumped to its highest level since June […]
14/02/2024

Will Oil Continue iIts Rise This Time?

Oil went on the offensive last week, once again confirming the importance of support at the 200-week moving average. Both robust US economic data and OPEC+ intentions to keep production under control fuelled the rally. All this is on top of growing supply issues across the Red Sea. Oil is currently undergoing a crucial technical […]
25/10/2024

AUDUSD: Will September’s Bullish Vibes Return?

AUDUSD tests support area near 200-day SMA Short-term bias remains on the negative side AUDUSD has been on a downward slide again, marking its fourth consecutive week in the red. It recently dipped to a two-month low of 0.6612 but held above the 200-day simple moving average (SMA) and the constraining falling line from February […]