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ECB will meet on Thursday; markets expect a 25bps rate cut Doves are likely to push for a more aggressive rate cut President Lagarde’s negotiating skills will be put to the test The euro could suffer from a 50bps cut; muted impact likely from a smaller move ECB will meet on Thursday The ECB will […]

The post Could ECB Up the Ante With a 50bps Rate Cut? appeared first on Action Forex.

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29/11/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2500 Likely to rise to resistance level 1.2720 GBPUSD currency pair continues to rise after the earlier upward reversal from the support level 1.2500 (which also reversed the pair in May) coinciding with the lower daily Bollinger Band and the daily down channel from September. The upward reversal from the […]
28/02/2024

Crypto: Extreme greed is not a sell signal

Market picture The cryptocurrency market is developing gains, rising 2.2% on the day to $2.17 trillion. These levels replicate the April 2022 peak. Bitcoin is now only 15% below its all-time high, while total capitalisation is 38% below its peak. A further move higher would be a repeat of the early 2022 highs. The Cryptocurrency […]
13/12/2023

Sunset Market Commentary

Markets UK gilts and sterling catch the eye today. Yields in the country tank between 9.8 (30-y) and 13.3 bps (2-y). Sterling dropped with EUR/GBP, after testing the 0.86 yesterday, now moving past that level more convincingly (0.8612). Reason for the move s this morning’s batch of October eco data. Whether it was industrial production, […]