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Markets ECB president Lagarde’s “I stand by the comments made in Davos” did little to impress markets. They even interpreted it the other way around as if the ECB chair went slightly off-script at the World Economic Forum (“summer seems to be right time to start cutting policy rates”). Comments about downside economic risks, a […]

The post Money Markets Added to ECB Easing Bets appeared first on Action Forex.

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22/05/2024

GBPUSD Renews Positive Momentum Within Channel

GBPUSD strengthens to a two-month high within bullish channel Short-term bias looks positive, but buying appetite might lose pace UK S&P Global PMIs and BoE member Pill on the agenda on Wednesday Following a short period of consolidation around the 1.2700 level, GBPUSD quickly climbed to a two-month peak of 1.2760, boosted by stronger-than-anticipated core […]
13/12/2023

NZDUSD Corrects Lower But 200-day SMA Curbs Retreat

NZDUSD experiences a sharp pullback from its 4-month peak But the 200-day SMA acts as a strong floor for now Momentum indicators deteriorate but remain in positive areas NZDUSD had been staging a solid rebound from its 2023 low of 0.5772, peaking at a fresh four-month high of 0.6221 in early December. Since then, the pair retraced […]
06/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s potential for a bearish continuation towards the 1st support level. The 1st support at 103.72 is categorized as a pullback support, suggesting that it could be a significant level where buying interest may emerge, potentially providing support for the DXY. […]