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The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of persistently high interest rates in the US and escalated conflicts in the Middle East. The US dollar appreciated by 1.6% over the week against a basket […]

The post US Dollar Exhibits Remarkable Strength Amid Global Tensions appeared first on Action Forex.

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16/09/2024

GBPCAD Wave Analysis

GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD currency pair today reversed down from the strong resistance level 1.7850, which stopped the previous impulse waves (i) and i in July and August respectively. The resistance level 1.7850 was further strengthened by the upper daily Bollinger Band. Given the […]
12/09/2024

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Fundamental Analysis Today, September 12, 2024, the European Central Bank (ECB) is expected to cut interest rates by 60 basis points, marking a significant adjustment in its monetary policy. The main refinancing rate could drop to 3.65% in response to slowing inflation, which reached 2.2% in August. This move reflects growing concerns about the eurozone’s […]
21/05/2024

Is the Time for WTI Crude Oil to Create Bearish Correction?

Fed’s cautious stance drives WTI crude oil lower Commodity capped by bearish cross and 80.00 level in daily chart Prices consolidate in 4-hour timeframe Oil prices continued to decrease on Tuesday due to the cautious stance of Fed officials despite the recent softening of inflation. This has raised concerns that US interest rates may remain elevated for an extended […]