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In focus for the rest of the week Today, the main event in the Nordics is the Riksbank monetary policy decision, due at 09.30 CET. Money market pricing implies c. 80% probability of a cut but we think it is more or less a 50/50 call, and we expect the Riksbank to leave rates unchanged […]

The post Riksbank Rate Decision Today a Close Call, We Expect Hold appeared first on Action Forex.

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21/06/2024

Happy Triple Witching Day

The Swiss National Bank (SNB) cut its rate by another 25bp yesterday. The latest uptick in inflation didn’t bother the Swiss policymakers who considered that inflation remains in check in Switzerland. They preferred to give the economy – especially the Swiss exporter and families with mortgages – the additional support they needed. The market reaction […]
29/12/2023

AUD/USD and NZD/USD Regain Strength

AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar. There is a bullish […]
27/01/2024

EUR/USD: Near-term Action Looks for Direction Signals

The Euro rose to the upper side of near-term congestion on Friday, after hitting new marginally lower low of larger downtrend from 1.1139 (Dec 28 peak). Today’s bounce points to still strong bids, although without sufficient bullish momentum to sustain gains and rise above near-term range top, which would generate initial reversal signal and shift […]