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In focus this week Today is set to be a quiet start of the week, without major market movers on the data front. We continue to await Israel’s response to the Iranian missile attack on 1 October, which will determine whether we will see a further escalation of the conflict in the region. According to […]

The post Thursday’s ECB Meeting Main Event This Week appeared first on Action Forex.

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Dollar Index With Strong Support at 101.80 -102

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09/09/2024

Low Spirits

Last week ended on an ugly note, really, as the jobs data from the US revealed throughout the week was weak, but maybe not weak enough to tilt the Federal Reserve (Fed) expectations toward a clear direction. Job openings fell more than expected, and Friday’s official data showed that hirings rebounded in August, though not […]
27/03/2024

USDCHF Wave Analysis

USDCHF broke the resistance level 0.8875 Likely to rise to resistance level 0.9100 USDCHF currency pair recently broke the resistance level 0.8875 (which has been reversing the price from February), intersecting with the 61.8% Fibonacci correction of the downward impulse from October. The breakout of the resistance level 0.8875 accelerated the C-wave of the active […]
25/04/2024

ECB’s Schnabel identifies services inflation as primary concern

ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the persistent inflation within the services sector, which remains stubbornly high. Schnabel emphasized the importance of closely monitoring unit labor costs. […]