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The final ECB rate-setting meeting for 2023 could hold surprises Market looks for rate-cut hints; extra focus on projections and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT Is President Lagarde ready for a dovish tilt? This week is shaping up to be a cracking one as the […]

The post Will ECB Set the Stage for an Early 2024 Rate Cut? appeared first on Action Forex.

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XAU/USD: Gold Stands at the Back Foot Ahead of Key Events

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07/12/2023

Gold Price Trims Gains, Can This Key Support Hold?

Key Highlights Gold prices rallied toward $2,150 before a downside correction. It broke a key bullish trend line with support near $2,035 on the 4-hour chart. Crude oil prices extended losses and traded below the $72.00 support. EUR/USD failed to stay above the key 1.0820 support. Gold Price Technical Analysis Gold rallied above the $2,000 […]
30/05/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December. The downward reversal from the resistance level 1.2800 is likely to form the daily Japanese candlesticks reversal pattern Evening Star Doji. […]
13/07/2024

The Weekly Bottom Line: U.S. – Inflation Cooling

U.S. Highlights U.S. inflation eased by more than expected in the month of June, raising the likelihood of a September rate cut. Small business confidence continued to edge higher in June, though several forward-looking indicators suggests some softening in the months ahead. Eyes will be on Chair Powell’s appearance in DC next week for a […]