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The slowdown in German inflation is fuelling hopes that the ECB will ease policy in the coming months. German CPI rose 0.4% m/m, weaker than the 0.5% expected. Annual inflation slowed from 2.5% in February to 2.2% in March, the lowest since May 2021. Germany’s reading is a useful guide to what to expect in […]

The post EURUSD Gets Set to Go appeared first on Action Forex.

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GBP/USD Slides Further and Bears Are Not Done Yet

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27/07/2024

Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]
12/07/2024

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this hurdle. This repeated inability triggered a decisive break below the 50-day SMA on July 3, with […]
19/09/2024

WTI Wave Analysis

WTI reversed from round resistance level 70.00 Likely to fall to support level 68.00 WTI crude oil recently reversed down from the round resistance level 70.00 (former strong support from January). The resistance level 70.00 was strengthened by the nearby 20-day moving average and by the 50% Fibonacci correction of the sharp downward impulse from […]