Logo-color Logo-white

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.50% on Thursday 20 March in line with consensus and market pricing. Data has been mixed and amid elevated uncertainty, this warrants a continued signalling of only a gradual approach to monetary policy easing. We expect the reaction in EUR/GBP to […]

The post Bank of England Preview – Quarterly Cuts Amid Elevated Uncertainty appeared first on Action Forex.

previous

Sunset Market Commentary

next

Dow Jones: Rebound or Rally? The Fed Holds the Key

Read More

15/04/2024

USDCAD Wave Analysis

USDCAD broke key resistance level 1.3625 Likely to rise to resistance level 1.3860 USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November. The breakout of the resistance level 1.3625 […]
26/11/2024

USDCAD Falls from 4½-Year High

USDCAD declines from 1.4100 again RSI moves horizontally below 70 MACD still in bullish momentum USDCAD has successfully broken the 1.4100 psychological mark earlier today, taking the market towards a fresh four-and-a-half-year high of 1.4176. The price rose around 1.5% only in just one 4-hour session but is currently turning lower. The RSI indicator is […]
12/01/2024

AUD/USD and NZD/USD Eye Key Upside Break

AUD/USD is moving higher and might rally if it clears 0.6725. NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6680 and 0.6695 levels against the US Dollar. There is a […]