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ECB’s widely anticipated 25bp rate cut did not end up rocking the markets, as Lagarde delivered little concrete guidance on what the central banks’ next steps will be. Markets saw her remarks slightly on the dovish side, as she noted inflation risks ‘may’ be slightly tilted to the downside. Over the past weeks, continuing weakness in PMIs, […]

The post Weekly Focus – ECB Delivers a Lot of Words and Little Guidance appeared first on Action Forex.

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03/06/2024

EUR/USD Calm as Eurozone Manufacturing Improves

The euro has posted slight losses on Monday. EUR/USD is trading at 1.0835 in the European session, down 0.11% on the day. Eurozone manufacturing close to stabilizing The eurozone manufacturing sector is still contracting but there is light at the end of the tunnel. The manufacturing PMI rose to 47.3 in May, up from 45.7 […]
18/12/2023

EUR/USD: Regains Traction But Recovery Faces Strong Headwinds

EURUSD found a footstep and firmed on Monday after 0.9% drop last Friday, following a double failure at psychological 1.10 barrier. However, recovery is unlikely to extend much as near-term action is weighed by much weaker-than-expected German Ifo data and rising bearish momentum on daily chart. Also, long upper shadow on last week’s candlestick and […]
09/05/2024

EURGBP Runs Out of Steam Near 0.8600

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