Logo-color Logo-white

The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant to narrow the spread between the deposit facility and the main refinancing rate from 50 to 15bp, so don’t be […]

The post Euro Rebounds on Lack of Hint for Further Cuts appeared first on Action Forex.

previous

USD/JPY Struggles To Rebound: What’s Holding It Back?

next

USDCAD Flirts With 200-Day SMA Again

Read More

12/06/2024

Elliott Wave Intraday Analysis: S&P 500 (SPX) Sequence Remains Bullish

Short Term Elliott Wave in S&P 500 (SPX) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave 1 ended at 5341.88 and pullback in wave 2 ended at 5191.68. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1, wave […]

NZDUSD Recoups Post-NFP Slide

NZDUSD surges to its highest since March 8 But undergoes a setback after strong NFP report Oscillators ease but remain in positive zones NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April, posting a fresh three-month high last week. Although the pair came under severe selling pressure on Friday due to […]
29/03/2024

Gold Price and Crude Oil Price Gain Bullish Momentum

Gold price started a steady increase above the $2,200 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $85.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,158 zone against the US Dollar. A connecting bullish trend line is forming with support […]