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Forex Market Analysis: Sunset Market Commentary Guide
The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent dovish sentiment within the central bank, Schnabel believes that the...
US 100 Index Rally Stalls: What’s Next for Traders?
The US 100 index is currently trading sideways, just below its all-time high, as it grapples with the August 5, 2024 trendline. Market sentiment remains cautiously bullish, with investors closely monitoring geopolitical tensions and...
Loonie’s Turbulent Times: What to Expect and How to React – Action Forex
The Canadian dollar took a hit recently, dropping over 1.4% against the US dollar. This drop came after President Trump's threats to impose new tariffs on goods from Mexico and Canada. The USDCAD pair...
EUR/USD Mid-Day Analysis and Forecast – Action Forex
The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the temporary low of 1.0330, a further decline is expected as...
GBP/JPY Forecast: Daily Analysis and Updates – Action Forex
The GBP/JPY pair continues to show a bearish outlook with no change in sight. The corrective rise from 180.00 appears to have completed with three waves up to 199.79, indicating a potential deeper fall...
December Rate Cut Debate: Analysis by Fed’s Kashkari – Action Forex
Minneapolis Federal Reserve President Neel Kashkari recently shared his thoughts on the upcoming December meeting, hinting at the possibility of a rate cut. In an interview with Bloomberg TV, Kashkari mentioned that a 25-basis-point...
Sunset Market Analysis: Actionable Insights for Forex Traders
The recent appointment of Scott Bessent as the US Treasury Secretary has had a significant impact on the bond market. Bessent has proposed a plan to reduce the government deficit to 3% of GDP,...
RBNZ Expected to Cut Rates Before US and Eurozone Inflation Updates
The Reserve Bank of New Zealand is gearing up for its last policy meeting of 2024, with expectations high for a rate cut of 50 basis points. The RBNZ has been on a loosening...
EUR/USD Hits New Low in 2023 – Forex Trading Analysis
The latest PMI figures were just released, and unfortunately, they were not as positive as analysts had hoped. Both the Flash Manufacturing PMI and Flash Services PMI for Germany and France fell below the...
Japan CPI Oct 2021: Overall Inflation Eases, Core-Core Rate Rises to 2.3%
Japan's latest inflation data for October showed a mix of both easing and rising price pressures. The core CPI, which excludes food prices, slightly decreased to 2.3% year-over-year, down from 2.4% year-over-year but still...