Nasdaq Eyes 200-Hour MA Support: Analysis and Outlook
The US stock market is experiencing a significant decline, with major indices showing downward trends. The Dow industrial average has dropped by 580.31 points,...
ECB President Lagarde Happy with Inflation Progress, Monitoring Growth Impact – Action Forex
At an event held today, ECB President Christine Lagarde shared her satisfaction with the current inflation levels, noting that the central bank is pleased...
Bank of Canada Decision and USD Soar: Economic Calendar Highlights
The USD/JPY currency pair has experienced a significant increase of 200 pips today, marking its fourth consecutive day of gains. This surge is a...
GBPUSD Forecast: Will the Pound See Another Surge? – Action Forex
GBPUSD has been on a downward trend for the past four weeks, dropping below the 1.3000 mark and hitting a new low of 1.2943....
European Economic Calendar: Key Events and Data Releases Today
As we turn our focus to European trading, the Japanese yen is making waves in the market. Key technical resistance levels are starting to...
Investors Seek Safe Havens Amid Middle East Unrest – Action Forex
Today, the Bank of Canada announced its October monetary policy decision. The expectation was for a 50 basis point rate cut to 3.75%, but...
PBOC Expected to Set USD/CNY Reference Rate at 7.1262 – Reuters Estimate
The People's Bank of China is expected to set the USD/CNY reference rate at 7.1262 according to a Reuters estimate. This reference rate, due...
Eco Data Analysis: Key Insights for Forex Traders 10/23/24
The latest Eco Data Analysis provides key insights for Forex traders to consider. Here is a breakdown of the recent economic events:1. CAD BoC...
ECB’s Rehn Warns of Weakened Growth Outlook and Rising Deflationary Pressure
The European Central Bank (ECB) has issued a warning regarding the weakened growth outlook and rising deflationary pressure in the economy. This caution comes...
ECB President Lagarde Confident Inflation Will Reach 2% by 2025
At a recent Bloomberg Newsmaker event, European Central Bank President Christine Lagarde shared her optimism about inflation reaching 2% by 2025. Lagarde confidently stated...