Logo-color Logo-white

The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control, warned that there could be a temporary uptick, but the figures will be sustainably back to target by next year and that the Eurozone will […]

The post ECB Cut Fuels Appetite, Weighs on Euro appeared first on Action Forex.

previous

Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

next

USDCHF Overcomes Medium-Term Uptrend Line

Read More

03/07/2024

Gold Price Prospects for H2

As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to Investing.com, Georgette Boele, a senior sustainability […]
20/01/2024

GBPJPY Charts New High But With Caution

GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area GBPJPY ascended almost vertically after touching its 200-day simple moving average (SMA) at the start of January, erasing its latest bearish wave to print a new higher high of 188.90 on Friday—the highest level since August 2015. The 188.00 round level remains […]
06/12/2023

First Impressions: Australian National Accounts, September Quarter

Australia’s economy hit the wall in the September quarter. Output growth was a very weak 0.2%, or a sharp contraction in per capita terms of -0.5%qtr. Strikingly, consumer spending stalled, with a flat result and a decline in per capita terms of -0.6%qtr, as real disposable income collapsed, contracting -1.3%qtr, -4.3%yr. The Australian economy almost […]