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The Euro is rallying despite the 25bps cut from the European Central Bank from this morning. The ECB Deposit Rate is now at 2% from 2.25%. The fact that the markets had the cut priced in (well-expected) led to prices were broadly unchanged – markets seesawed but came right back to their level from the […]

The post EUR/USD Rallies Despite 25 Bps Cut from the ECB appeared first on Action Forex.

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27/02/2024

XAU/USD: Geopolitical Tensions Continue to Support Gold Price

Gold stands at the front foot at the start of the week and holds near two-week high ($2041) posted on Friday. Growing tensions in the Middle East and overall negative geopolitical picture, continue to fuel safe haven demand and boost metal’s price, along with neutral / negative near-term outlook for the US dollar. Technical picture […]
05/04/2024

Cliff Notes: Marking Time

Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. […]
07/05/2024

GBP/USD: Action Slows Ahead of BoE Policy Decision on Thursday

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