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Sentiment has been positive this week as markets continue to digest the strong US jobs report from the previous week, and as the conflict in Middle East has not escalated further. On the latter, Israel could launch its revenge attack against Iran any minute. A decision to target a high-ranking Iranian official or any of the […]

The post Weekly Focus – ECB to Cut Rates Again Next Week appeared first on Action Forex.

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20/12/2023

Nikkei 225 Technical: Potential Major Bullish Breakout After Pull-Back

Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. The price actions of the Japan 225 Index (proxy of the Nikkei 225 futures) have managed to hold above the 32,090 key medium-term support as […]
27/03/2024

NZ First Impressions: Budget Policy Statement Review

The Government’s first Budget Policy Statement confirms that Budget 2024 will unveil a markedly weaker fiscal outlook and a further increase in the government’s borrowing requirement. Today the new coalition Government released its first Budget Policy Statement (BPS). As expected, the BPS set out the Government’s priorities, an update on the economic outlook and its […]
27/08/2024

Crypto Market Has Cooled Slightly

Market picture The crypto market failed to grow steadily, with total capitalisation falling 1.6% to $2.21 trillion. This is a slight correction following the unimpressive performance of the equity market. The Sentiment Index fell back into neutral territory, losing 7 points on the day to 48. Bitcoin fell below $63K, losing 1.4% in 24 hours […]