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Fresh bullish acceleration extends into second consecutive day and pushed EURUSD to new 2025 high (1.0559) on Tuesday. Weaker dollar on dovish shift in monetary policy outlook, as US Treasury Secretary signaled stronger policy easing, after a series of weak US economic data, with markets pricing in three 25 bp cuts this year, was the […]

The post EURUSD Rises to New 2025 High as Dovish Fed Deflates Dollar appeared first on Action Forex.

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13/09/2024

XAU/USD Outlook: Gold Extends Its Sharp Rally into Uncharted Territory and Approaches $2,600 Target

Gold continued to trend higher on Friday and hit new all-time highs, being the top performer in the market for the second consecutive day and on track for a weekly gain of around 3.3%. Fresh acceleration higher was sparked by almost certain Fed rate cut next week, with renewed rise in expectations for more aggressive […]
15/12/2023

USDCHF Corrects Higher After 4-month Low

USDCHF ends the week in red MACD and RSI in negative region USDCHF is moving slightly higher after the retreat towards a fresh four-month low of 0.8630. The pair failed to have a closing day beneath the 0.8665 barrier, which is acting as a significant support level. Technically, the RSI is flattening near the 30 […]
12/12/2024

We Expect 25bp Rate Cut from ECB Today

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