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We were already expecting loose US fiscal policy and higher interest rates across the curve on average than pre-pandemic. This week’s US election results push our view further in that direction. It is the nature of event risk that, when it is finally realised, it closes off some potential futures and narrows down the remaining […]

The post The Red Fork in the Road appeared first on Action Forex.

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Cliff Notes: An Event-Filled Week

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12/09/2024

EUR/USD Outlook: EUR/USD Awaits ECB’s Verdict

EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision. The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut. With today’s cut being almost certain, markets turn focus towards ECB’s next […]
29/07/2024

USDSGD Elliott Wave: Calling the Decline From the Extreme Zone

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDSGD Forex pair , published in members area of the website. As our members know, USDSGD has recently given us 3 waves recovery against the 1.36703 peak. The pair has made a bounce in a […]
04/09/2024

A Jump in Eurozone PPI Won’t Stop ECB Easing

Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone’s producer price index rose 0.8% in July after rising 0.6% in the previous month. Prices are still lower year-on-year for the fifteenth month, with a reading of -2.1% after -3.3% the previous month. Nevertheless, the jump over the past two months […]