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Markets European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, the analysis on inflation is turning softer. Several members including Bank de France governor Villeroy showed growing confidence that inflation, after a technical uptick in […]

The post EUR/USD Rebounded from 1.0831 appeared first on Action Forex.

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16/08/2024

GBP/USD Extends Gains as Retail Sales Bounce Back

The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news from the UK […]
26/09/2024

Silver on the Verge of a Major Bullish Trend Reversal

Silver bulls roar back; make efforts to resume long-term uptrend above 32.49 Price hovers near overbought zone; trend signals remain encouraging above 31.50 Silver made a comeback on Thursday after a temporary pause, with scope to challenge May’s eleven-year high of 32.49, which it didn’t reach in July. The rebound near the broken resistance line […]
01/11/2024

Amazon Beats, Focus on US Big Oil and Jobs Data

Equity selloff in Europe and US extended on Thursday. Technology stocks suffered the biggest losses after Microsoft and Meta – which represent nearly 10% of the S&P500 index – were hit by a 6% and a 4% decline respectively. The S&P500 closed 1.86% down – a touch above its 50-DMA – and Nasdaq 100 dived […]