Logo-color Logo-white

BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The Fed gathering matters for the BoE The […]

The post Is BoE Really Close to Announcing a Rate Cut? appeared first on Action Forex.

previous

WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

next

Gold Eyes New Gains: Will It Sparkle Again?

Read More

22/08/2024

With Inflation Becoming Gradually More Under Control, Fed Has Space to Focus on Second Pillar of Dual Mandate

Markets The US Bureau of Labour Statistics kept most of us waiting yesterday. The preliminary benchmark payrolls revision for the year through March 2024 eventually showed the feared, significant, downward revision. The actual payroll count was 818k lower or around 68k/month. That lowers the average monthly net job growth over the reference period from 242k […]
04/12/2023

EUR/USD Holds Support But Can It Increase Again?

Key Highlights EUR/USD rallied toward 1.1020 before it corrected lower. A major bullish trend line is forming with support near 1.0880 on the 4-hour chart. GBP/USD is consolidating gains above the 1.2650 level. Gold prices surged higher above $2,100 and $2,120. EUR/USD Technical Analysis The Euro started a strong increase above the 1.0820 resistance against […]
12/08/2024

Silver Could Be Bottoming

Silver has been slowing down for the last three months, but drop on 4h time frame is in three waves A-B-C, which indicates for a corrective decline within higher degree wave IV. It’s now potentially finishing final subwave (5) of C at 26,50 – 26,00 strong and key support area. If we get sharp or […]