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Tomorrow marks a poignant day for those observing the European economy as the European Central Bank is scheduled to hold its first monetary policy meeting of this year. The European Union’s central bank has continued to maintain a conservative approach in recent months, rather similar to that of the Bank of England and the Federal […]

The post EURUSD Displays Volatility in Advent of First ECB Meeting of 2024 appeared first on Action Forex.

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09/05/2024

GBP/USD Bulls Struggle While USD/CAD Regains Strength

GBP/USD declined below the 1.2550 support zone. USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2635 resistance zone. There is a key bearish trend line forming with resistance at 1.2500 on the hourly […]
18/01/2024

Lagarde Pushes Back Against a Springtime Cut

In focus today Today focus in the euro area will be on minutes from the December ECB meeting. As for data releases Thursday looks rather light, however in the US the Philly Fed Manufacturing Index comes out. Consensus expects an improvement. A few central bankers are scheduled to speak today with SNB chairman Jordan speaking […]
07/12/2023

What’s Next for Gold Price – XAU/USD Technical Analysis

Talking Points: Why did gold prices decline sharply? Daily Chart Analysis 4-Hour Chart Analysis What’s next for Gold Prices? Why did gold prices decline sharply? Gold Price fell significantly last week after reaching an all-time high of $2150/Oz, the price fell to $2020/Oz within a day which left many traders stunned and unable to comprehend […]