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The meeting between US President Trump and Ukrainian President Zelensky didn’t go as planned—no mineral deal was signed, and the talks ended in a clash. In contrast, Zelensky’s meeting with UK Prime Minister Starmer was more productive. Starmer urged European companies to form a ‘coalition of the willing’ to support Ukraine with military aid and […]

The post ‘Coalition of the Willing’ Boosts Euro and European Stock Futures appeared first on Action Forex.

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EUR/USD Trims Gains—Can Bulls Save The Day?

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Market Analysis: Gold Price Corrects Gains While Oil Price Eyes Recovery

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17/06/2024

EUR/USD Could Recover If It Clears This Resistance

Key Highlights EUR/USD seems to be finding bids near the 1.0675 level. A connecting bearish trend line is forming with resistance at 1.0760 on the 4-hour chart. GBP/USD trimmed gains and tested the 1.2660 support zone. USD/JPY spiked above 158.00 before correcting lower. EUR/USD Technical Analysis The Euro started a fresh decline from well above […]
28/10/2024

November Flashlight for the FOMC Blackout Period

Summary The FOMC started its nascent easing cycle with a bang, opting to reduce the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting on September 18. But further policy easing seems set to proceed at a slower pace. We look for the FOMC to reduce the fed funds rate by […]
03/06/2024

Focus on EMU Side Turns to Thursday’s ECB Meeting

Markets US Treasuries closed near Friday’s best levels on slightly softer April spending figures and a slower (but in line with forecasts) core PCE deflator pace. Daily changes on the US yield curve ranged between -6 bps (5-yr) and -3 bps (30-yr). This contrasted with yield increases of up to 2.5 bps (3-yr) in Germany […]