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A Federal Reserve (Fed), a Bank of Canada (BoC) and a Bank of Japan (BoJ) decision, an ‘amazin’ meeting between Trump and Xi, and three Big Tech earnings have landed on the headlines in the past 24 hours. As widely expected, the Fed lowered interest rates by 25 basis points yesterday and announced it will […]

The post Microsoft, Meta Underwhelm appeared first on Action Forex.

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15/05/2025

New Zealand Dollar Extends Losses, Inflation Expectations Expected to Rise

The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a […]
18/10/2024

USDCHF Overcomes Medium-Term Uptrend Line

USDCHF rebounds off 0.8400 20- and 50-day SMA post bullish crossover MACD and RSI still above their mid-levels USDCHF has charged through its medium-term descending trend line near 0.8650 after the strong pullback from the 0.8400 round number. The momentum indicators point to a bullish bias in the near term, but there is also a risk […]
20/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low, further reinforcing its […]