Logo-color Logo-white

Far-right National Rally party maintains lead ahead of June 30 first round of votes But can it secure an absolute majority as left-wing alliance makes progress? A hung parliament might be the worst outcome for the euro France in political turmoil President Macron’s decision to call a snap legislative vote hot on the heels of […]

The post Is France Headed for Political Stalemate and How Bad is this for Euro? appeared first on Action Forex.

previous

Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

next

Buyers Failed to Pick Up on the Crypto Market

Read More

21/12/2023

GBPNZD Wave Analysis

GBPNZD broke key support level 2.0290 Likely to fall to support level 2.0000 GBPNZD currency pair recently broke the key support level 2.0290 (which has been reversing the price from the middle of June). The breakout of the support level 2.0290 coincided with the breakout of the 50% Fibonacci correction of the upward impulse from […]
04/06/2024

Japanese Yen Strengthens Unexpectedly Against US Dollar

The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33. Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen, significantly impacting the market. Official data reveals that throughout April, Japan spent approximately 9.79 trillion yen (62.2 billion USD) on efforts to […]
13/09/2024

Euro Rebounds on Lack of Hint for Further Cuts

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 […]