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ECB June rate move looks like a done deal May inflation could open the door to a July rate cut Euro could benefit from a stronger CPI print German CPI on Wednesday, eurozone report on Friday at 09:00 GMT Busy calendar, inflation stands out With the market counting down to next week’s ECB meeting, the […]

The post Euro Area Inflation Unlikely to Change ECB’s Outlook appeared first on Action Forex.

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04/01/2024

AUDUSD Shows Some Upside Recovery Again

AUDUSD remains in bullish territory 50- and 200-day SMAs ready for bullish cross Stochastic looks oversold AUDUSD is recouping some losses of the preceding four red days after it found strong support at the 20-day simple moving average (SMA). Given the current positive momentum, the question now is whether the pair will stay resilient above […]
19/07/2024

Canadian Dollar Eyes Retail Sales Ahead of Rate Meeting

The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American session, with the release of Canadian retail sales. Will retail sales suffer a reversal? Canada’s retail sales is expected to […]
26/01/2024

ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut As widely expected, the ECB left its three policy rates unchanged at today’s meeting, leaving its key policy rate (deposit rate) at 4%. Today’s meeting was expected to be a stocktaking meeting with no new policy signals and the ECB delivered just that. […]