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Markets A surprise but inconclusive outcome of the French parliamentary election after some initial jitters also resulted in an inconclusive market (European) reaction yesterday. As the left group Nouveau Front Populair gained most seats in Parliament (180) they might try to take the initiative, but reaching the support of a 289-majority to execute their own […]

The post We Expect Fed Chair to Hold a Mildly Dovish Tone appeared first on Action Forex.

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WTI Outlook: Correction Should Find Firm Supports at $80 Zone

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12/04/2024

Dollar Holds Better Cards Against Both Euro and Pound

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat for a little […]
04/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.30 Likely to fall to support level 167.40 CHFJPY currency pair recently reversed down from the key resistance level 170.30, which stopped the previous impulse wave (3) earlier this month. The resistance level 170.30 was strengthened by the upper daily Bollinger Band. Given the strength of the resistance level 170.30, […]
26/06/2024

Tech Stocks Rebound

In focus today Overnight China releases industrial profits for May. Profits grew 4% y/y in April, and we expect it to be roughly the same in May. Stronger export growth and higher commodity prices compared to last year should support profits, but tough competition weighs on profit margins. The next big market mover in China […]