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The EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) showed a rise of 0.3% month-over-month, aligning with forecasts but indicating a slight acceleration from the previous 0.2% increase. This recent uptick has adjusted market expectations significantly, reducing hopes for […]

The post EURUSD Under Pressure US inflation, France, and ECB Rate appeared first on Action Forex.

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09/09/2024

Crypto: Hope for a Bottom

Market Picture The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. Bitcoin is trading just below $55K on Monday […]
05/12/2023

Australian Dollar Slides as RBA Holds Rates

RBA maintains cash rate at 4.35% Australian dollar extends slide The Australian dollar is down sharply for a second straight day. In the European session, AUD/USD is trading at 0.6561, down 0.88%. The Australian dollar has taken a tumble this week, falling 1.70%. RBA holds rates as expected The Reserve Bank of Australia maintained the […]
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Technical Outlook and Review

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