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The ECB meeting next week is expected to end with yet another 25bp rate cut, bringing the policy rate to 2.5%, 150bp lower than the peak last year. While the cut decision is relatively straightforward, divergences in the ECB GC members’ assessment of the policy stance is starting to show, thus a key question will […]

The post ECB Preview: A Cut is the Easy Part appeared first on Action Forex.

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29/10/2024

Nikkei 225: Bulls Still Holding the Line Despite Political Uncertainty

Impending potential fiscal stimulus measures are supporting the recent two days of rallies seen in the Nikkei 225. Technical analysis with TOPIX sector rotation suggests a likely start of a major impulsive up move sequence on the Nikkei 225. The biggest risk for Nikkei 225 bulls is likely the main CDP opposition party mounting a […]
23/02/2024

Silver (XAGUSD) With Bearish Extension and Intraday Target at 22.34

Bearish Scenario: Selling below 22.65 with TP1: 22.34 (intraday) and TP2: 22.02 (swing). It is recommended to place a stop loss around 22.80, at least 1% of the account capital**. A trailing stop can be used. Bullish Scenario: Buying above 22.70 with TP1: 22.90. It is recommended to set a stop loss (S.L.) below 22.60 […]
07/12/2023

AUD/JPY Analysis: Rate Falls to Important Support

This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected […]