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The FTSE 100 and the Stoxx 600 index closed at a fresh ATH on the back of rising dovish central bank expectations. The EURUSD bounced lower from the 50 and 200-DMA, while Cable tested its own 200-DMA to the upside on the back of strong GDP read last Friday, but the currency pairs need good […]

The post Unideal Inflation Dynamics Explain Why Fed Won’t be in a Position to Cut Rates Soon appeared first on Action Forex.

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11/07/2024

Pound on the Offensive

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the fastest pace since early 2023, although it’s about […]
17/09/2024

Will EURUSD Take Its Bullish Chances?

EURUSD slows pace after a quick bounce to 1.1135 Short-term trendline in focus; technical bias remains positive US retail sales due at 12:30 GMT EURUSD started the week on the right foot, finishing Monday’s session comfortably higher, though around the short-term resistance trendline at 1.1135, which poses a risk. The pair is currently lacking momentum, […]
30/01/2024

S&P 500 Wave Analysis

S&P 500 rising strongly Likely to rise to resistance level 5000.00 S&P 500 index rising strongly after the price broke above the resistance level 4800.00 (which stopped the previous impulse waves 1 and i, as can be seen below). The breakout of the resistance level 4800.00 accelerated the active minor impulse wave 3 of the […]