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EURUSD remains firmly in red and hits two-month low on Monday morning, in extension of Friday’s 0.8% drop (the biggest daily loss since Jan 2). Fresh weakness broke through significant support at 1.0776 (100DMA) increasing pressure on next pivotal supports at 1.0723/12 (Dec 8 higher low / Fibo 61.8% of 1.0448/1.1139 rally), violation of which […]

The post EUR/USD: Bears Tighten Grip After Break of Another Strong Support appeared first on Action Forex.

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20/12/2023

GBP/USD Deflated By Softer Than Expected UK November Inflation Data

Cable dropped on Wednesday morning on softer than expected UK November inflation, losing around 0.4% after data release. Stronger than expected drop in consumer prices adds support to rate cut scenario, making pound less attractive, though latest comments from BOE’s deputy governor about keeping restrictive policy for some time, may partially offset impact from inflation […]
13/09/2024

US Treasuries Rally Overnight With Front End of the Curve Outperforming.

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02/02/2024

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