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ECB expected to cut rates by 25bps amidst economic uncertainty. Focus on trade tensions and slowing inflation influencing ECB policy. Markets watching for clues on future rate cuts as forward guidance may not be forthcoming. EUR/USD hovers in overbought territory ahead of ECB meeting. More upside ahead or time for a retracement? The European Central […]

The post ECB April Meeting Preview: Expected Rate Cuts and Market Impact appeared first on Action Forex.

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12/12/2024

We Expect 25bp Rate Cut from ECB Today

In focus today In the euro area, we expect the ECB to deliver a 25bp rate cut. Although that is the consensus, markets price in around a 15% probability of a 50bp cut this morning according to Reuters. Rather than focusing on the size of the rate cut, we should focus on where the policy […]
24/05/2024

Gold Price and Crude Oil Price Signal Bearish Acceleration

Gold price started a sharp decline from $2,450. Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,450 zone before there was a sharp decline against the US Dollar. A key bearish trend line […]
11/04/2024

Markets Trim Fed Rate Cut Expectations Amid High US CPI

In focus today Today’s focus will be the ECB meeting where we expect no change in the policy rate. We anticipate that the primary insight from the meeting will be a confirmation of the current ECB narrative, thereby indicating that the ECB is on track to deliver a rate cut in June. While this meeting […]