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EUR/USD has extended its losses on Monday. In the European session, the euro is trading at 1.0749, down 0.34%. Earlier, the euro fell as low as 1.0747, its lowest level since December 11. Red-hot nonfarm payrolls boosts US dollar The US dollar ended the week with sharp gains against the major currencies, courtesy of a […]

The post Euro Falls to Two-Month Low appeared first on Action Forex.

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11/07/2024

ECB Preview – Holiday Season

The ECB meeting next week is expected to be largely a stock taking meeting and not a place to send new policy signals. The meeting by meeting and data dependent approach is clear and Lagarde has highlighted that the profit, wages and productivity data will be key, albeit those data points will only come from […]
16/07/2024

Gold’s Astounding Rally and the Challenges Ahead

Gold gains around 18% year-to-date But is it time for the uptrend to cool down a bit? Even if so, the broader outlook remains positive Gold shines bright Gold had a great year-to-date performance, gaining around 18% and hitting a record high of 2450 on May 20. As discussed in previous reports, gold’s uptrend was […]
05/12/2023

RBA Gives Itself Time to Assess

As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement emphasised that inflation continues to moderate, driven by the goods sector. Ahead of its meeting in February 2024, the Board […]