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USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%. The central bank argued its decision by the fact that inflation continues to fall, and economic growth picks up. Fresh strength is improving the picture on daily chart on initial signal of […]

The post USD/CHF Outlook: SNB’s 0.25% Rate Cut Deflates Swiss Franc appeared first on Action Forex.

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12/08/2024

AUD/USD Outlook: Lifted by Fresh Risk Appetite, Retests Key Resistance Zone

AUDUSD advanced 0.5% in Asian / European trading on Monday, to completely reverse Friday’s drop and generate initial signal of bullish continuation. Fresh strength cracked pivotal barriers at 0.6600 zone (converged 200/100DMA’s / base of rising daily cloud, where Friday’s action was strongly rejected. Gains so far minimized signals of bull trap and recovery stall […]
20/08/2024

Sunset Market Commentary

Markets Markets took a breather today during the European session. The dollar (DXY) yesterday closed below 102 for the first time since early January and remains stuck there. The greenback even extends losses as US investors enter the market. European stock markets tread water after completely recovering from the early August meltdown. The same reasoning […]
12/03/2024

Sunset Market Commentary

Markets Sticky. There’s no better way to describe today’s US CPI print. Headline and core inflation rose by 0.4% M/M in February. Both are in line with forecast, given that core CPI actually increased by 0.358% (vs 0.3% forecast). Annual readings increased for the top figure (3.2% Y/Y from 3.1% Y/Y) and fell slightly less […]