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SNB policy meeting has 50-50 chances for 25bps versus 50bps rate cut Potential reaction in Swissy on Thursday at 7:30 GMT SNB: another bank to cut rates The time for Swiss National Bank (SNB) to cut rates again has come. The global economic environment is currently facing substantial problems, including inflationary pressures and geopolitical uncertainty, so this decision comes at a […]

The post SNB Meeting: Single or Double Cut This Time? appeared first on Action Forex.

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09/07/2024

S&P 500 (SPX) Bullish Elliott Wave Sequence Remains in Play

Short Term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 4.20.2024 low is in progress as a 5 waves impulse. Up from 4.20.2024 low, wave 1 ended at 5325.49 and pullback in wave 2 ended in a zigzag structure. Down from wave 1, wave ((a)) ended at 5256.93 and wave ((b)) ended […]
16/02/2024

USDCAD Wave Analysis

USDCAD reversed from resistance level 1.3530 Likely to fall to support level 1.3400 USDCAD currency pair recently reversed down from the key resistance level 1.3530 (which has been reversing the price from the middle of January), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward ABC correction (2) from […]
05/01/2024

USD/JPY: The Price Reaches Resistance at 145 Yen per US Dollar

As of Friday morning, the situation on the USD/JPY market deserves attention: → the US dollar is on course to demonstrate its strongest week since July 2023. The media writes that markets are adjusting expectations regarding the easing of monetary policy by the Fed. → The yen fell about 3% against the US dollar in […]