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In focus today In the euro area, today brings a packed agenda with the ECB meeting, the first Q3 GDP estimate, October flash inflation for Germany and Spain, and unemployment data. We expect the ECB to hold rates steady at 2.0%, with Lagarde signalling no change in the outlook, aligning with market expectations. Growth risks […]

The post ECB Decision and Eurozone Q3 Growth Take Centre Stage appeared first on Action Forex.

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04/09/2025

SPX 500 Technical: Yesterday’s Sell-off Reached Inflection Zone for Potential Bullish Reversal

The US stock market reopened on Tuesday, 2 September, with a weak start after the Labour Day holiday. All four major benchmarks tumbled between –1.3% and –1.8% in the first half of the session, pressured by fears of a global liquidity squeeze following a sharp spike in the UK’s 30-year gilt yield to 5.69%, it’s […]
02/09/2024

Dollar Index Outlook: Bulls Lose Traction But Hold grip, as Markets Await US Labor Data

The dollar index eases from new two-week high on Monday, after strong three-day recovery rally showed initial signs of fatigue. Repeated rejection at 101.72 barrier (50% retracement of 103.06/100.38 bear-leg / 4-hr cloud top) and overbought stochastic contributed to a partial profit-taking, though dips were so far shallow and suggesting that bulls still hold grip. […]
10/06/2025

Gold Under Pressure Again as Risk Appetite Improves

The price of gold declined to 3,307 USD per troy ounce on Tuesday as investor appetite for risk increased amid growing optimism over a potential de-escalation in US-China trade tensions. Trade optimism weakens demand for safe-haven assets The improvement in market sentiment stems from the high-level trade talks between the US and China, which began […]