Tag: 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. Technical indicators show that there is still a strong selling...

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 there was a possibility of a smaller cut. The actual...

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 Interest Rate Decision: - Actual: 3.75% - Forecast: 4.25% The Bank of Canada...

Cable, which refers to the British Pound against the US Dollar, is currently in a consolidation phase around the key support level of 1.30. This consolidation comes after a recent drop, giving the bears...

On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...

RBA Deputy Governor Andrew Hauser made it clear today that the central bank is not considering immediate rate cuts due to high inflation levels. The recent positive employment data caused the market to delay...

The AUD/USD pair saw a slight decline to 0.6657 last week before recovering. This week, the initial bias remains neutral for some consolidation. However, there is an expectation of further decline as long as...

USD/CHF saw a continuation of its rebound last week, with no clear signs of completion yet. The initial bias remains on the upside this week, targeting the 38.2% retracement level of 0.9223 to 0.8374...

GBP/USD saw a slight decline last week to 1.2973 before bouncing back with the help of support around the 1.3000 mark. This led to a neutral bias for the upcoming week. A clear breakthrough...

Last week, USD/JPY saw a slight increase in value despite a decrease in upside momentum. The 4-hour MACD indicator showed this trend. Analysts predict a further increase in value as long as the minor...