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The single currency has been one of the losers from Trump’s victory, losing 2% on Wednesday to 1.07, its lowest since July. And it’s not just a story of a strong dollar, with the euro also losing around 0.7% against the Swiss franc and 0.8% against the pound. The single currency’s weakness has been attributed […]

The post Euro Falls on Trade War Fears appeared first on Action Forex.

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03/03/2024

European Central Bank Gravitating Toward A Mid-Year Rate Cut

Summary The Eurozone economy faced a particularly challenging period during the second half of 2023, with the region only narrowly avoiding a technical recession. Given the challenging growth environment, the European Central Bank (ECB) ended its tightening cycle with a final 25 bps rate hike in September last year and has, since early 2024, indicated […]
09/05/2024

AUDJPY Wave Analysis

AUDJPY reversed from support area Likely to rise to resistance level 103.00 AUDJPY currency pair recently reversed up from the support area lying between the round support level 100.45 (former strong resistance from April), 20-day moving average and the 50% Fibonacci correction of the upward impulse from February. The upward reversal from the support level […]
14/06/2024

RBA Preview: Comforts and Confidence

The RBA Board is expected to leave the cash rate unchanged at next week’s meeting. The recent data-flow will provide some comfort that restrictive policy is bringing inflation back under control, but the path is still uncertain. Vigilance remains the order of the day until the RBA becomes more confident of achieving a sustained return […]