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The Euro continues to trend lower and hit new 2024 in early Friday, as steep fall extends into third consecutive day, keeping the pair on track to the biggest weekly loss since the second week of May 2023. The single currency stumbled after hotter than expected US inflation data, released earlier this week, with ECB’s […]

The post EUR/USD Extends Steep Fall as Bears Take Full Control After US Inflation Data/ECB Policy Decision appeared first on Action Forex.

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10/06/2024

Gold Could Be Poised for a Continuation Lower

Gold violates bullish structure; prints a head and shoulders pattern Short-term risk is negative; confirmation signal awaited below 2,285 Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years. The price’s current lackluster performance indicates a probable bearish continuation, given its drop below the […]
06/06/2024

DXY: Upbeat US Services PMI Data Provide Fresh Support to Greenback

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26/08/2024

Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike

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