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We expect the Bank of England (BoE) to cut the Bank Rate to 4.25% on Thursday 8 May in line with consensus and market pricing. Inflation has surprised to the downside over the past months and combined with elevated uncertainty and downside risks to growth from the trade war, we expect the MPC to deliver […]

The post Bank of England Preview – A Cautious, But Dovish BoE appeared first on Action Forex.

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29/12/2023

AUD/USD and NZD/USD Regain Strength

AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar. There is a bullish […]
08/10/2024

USD/CHF Technical Outlook: Confluence Area Hints at Bullish Breakout

USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank’s preference for a weaker CHF and the repricing of Fed rate cut expectations contribute to the bullish outlook. Upcoming US CPI and PPI data releases could further fuel the USD […]
27/11/2024

USDJPY Meets 152.00 Key Level

USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading upwards again.  The momentum oscillators are confirming the recent bearish movement. The RSI is pointing downwards, falling beneath the neutral […]