Logo-color Logo-white

EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision. The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut. With today’s cut being almost certain, markets turn focus towards ECB’s next […]

The post EUR/USD Outlook: EUR/USD Awaits ECB’s Verdict appeared first on Action Forex.

previous

ECB Meets as Fed Doves Wave Goodbye to Jumbo Cut

next

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Read More

20/12/2023

Will US Data Bring Pre-Christmas Joy to the Dollar?

Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US dollar could react moderately The transition to monetary easing The transition to monetary easing could be a hot theme in […]
09/02/2024

Canada’s Labour Market Strengthens in January, But Details Less Constructive

The Canadian labour market added 37.3k positions in January, with full-time employment down 11.6k and part-time employment up 48.9k. The unemployment rate declined 0.1 percentage point to 5.7%, helped by a 0.1 percentage point to decline in the labour force participation rate to 65.3%. Despite a massive 126k increase in the population in January, only […]
31/05/2024

Focus for Global Trading on EMU and US Inflation Data Series

Markets The bond market sell-off/curve steepener from earlier this week yesterday ran into resistance. Data were not really high-profile but at least didn’t push a continuation of the ascent in yields. Going into today’s EMU Flash CPI, Spanish May inflation (headline HICP 3.8%, core 3.0%) was close to expectations. US Q1 GDP was slightly downwardly […]