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ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August decision China GDP data to kickstart busy week ECB meets amid sticky inflation The European Central Bank concludes its […]

The post Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way appeared first on Action Forex.

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28/05/2024

Gold Prices Edge Towards $2351 Amid Weakening US Dollar

Gold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors. This surge in gold prices can be attributed to a localised weakness in the US dollar, which has investors keenly anticipating the […]
12/07/2024

Japanese Yen Surges: Potential Intervention Amid Inflation Shocks

The USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities. On Thursday, the pair plunged nearly 3%, prompted by US inflation data and rumours of Tokyo’s intervention to bolster the yen, which is nearing 38-year lows. Masato […]
01/08/2024

BTCUSD Retreats from 1-Month High

BTCUSD pulls back after touching the 70,000 mark The bears eye the 50-day SMA as next crucial target Momentum indicators are skewed to the downside BTCUSD (Bitcoin) had a very strong July, with the price reaching the 70,000 psychological mark for the first time in more than a month. Since then, it has been experiencing a downside […]