Tag: Action Forex

news-20102024-025936

Weekly EUR/USD Forecast: Market Analysis and Predictions

EUR/USD saw a decline from 1.1213 last week, but managed to bounce back after reaching 1.0810. The initial bias for this week remains neutral for consolidations. However, the outlook will remain bearish as long...
news-19102024-205841

Dollar Continues Winning Streak Despite Momentum Slowdown – Action Forex

The Dollar continued to dominate as the strongest currency for another week, supported by expectations of gradual rate cuts by the Fed. The recent rate cut from the ECB also gave the greenback a...
news-18102024-205356

Bank of Canada Announces Unprecedented 50 Basis Point Interest Rate Cut – Action Forex

The Bank of Canada made an unexpected move by cutting interest rates by 50 basis points, bringing the overnight rate to 3.75% from 4.25%. This decision comes after three consecutive 25 basis point cuts...
news-18102024-145307

UK Retail Sales Boost Pound Value – Forex Market Update

The British pound continued to rise on Friday, with GBP/USD trading at 1.3046, up 0.27% for the day. This increase in value is attributed to the stronger-than-expected UK retail sales data for September. Retail...
news-18102024-085229

USD/CHF Daily Forecast: Key Analysis and Updates for Traders

The USD/CHF pair continues to show an upward bias in trading as the rise from 0.8374 is ongoing. If there is a sustained break above the 38.2% retracement level of 0.9223 to 0.8374 at...
news-18102024-025045

ECB Rate Cut Review: Implications and Outlook – Action Forex

Today, the European Central Bank (ECB) announced its third rate cut of the year, bringing the deposit rate to 3.25%. This decision was in line with expectations and was made unanimously. The ECB President,...
news-17102024-083127

ECB Prepares for First Consecutive Rate Cut in 13 Years

The European Central Bank (ECB) is getting ready to implement its first consecutive rate cut in 13 years. It is widely anticipated that the deposit rate will be reduced by 25 basis points to...
news-17102024-023023

USD/JPY Forecast: Updated Analysis and Price Predictions for Today

USD/JPY is currently in a phase of consolidation below the temporary peak of 149.97, leading to a neutral bias for the short term. The expectation is for a continuation of the rally as long...
news-16102024-142819

GBP/USD Falls Below 1.30 on Weak Inflation Report

The British pound experienced some movement on Wednesday after a period of stagnation. During the European session, GBP/USD was trading at 1.2992, showing a decrease of 0.62% for the day. This drop caused the...
news-16102024-082503

BoJ’s Adachi Urges Conservative Approach on Rate Hikes

In a recent speech, BoJ Board Member Seiji Adachi discussed the current state of Japan's economy and the potential for beginning to ease its ultra-loose monetary policy. Adachi pointed out the positive indicators such...

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