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The EUR/USD pair dipped to 1.1620 on Tuesday following sharp swings in the previous session. Investors are bracing for the release of US inflation data, which could reshape expectations for the Federal Reserve’s interest rate policy. The July CPI is forecast to rise by 0.2% month-on-month, down from 0.3% in June, while the annual rate […]

The post EUR/USD Under Pressure All Eyes on US Inflation Data appeared first on Action Forex.

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29/11/2023

EURUSD Wave Analysis

EURUSD broke resistance level 1.0950 Likely to rise to resistance level 1.1065 EURUSD currency pair recently broke the key resistance level 1.0950, intersecting with the 61.8% Fibonacci correction of the downward impulse from July. The breakout of the resistance level 1.0950 should further increase the bullish pressure on this currency pair. Given the continuation of […]
02/02/2024

Bank of England Review – Removing the Tightening Bias

At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.25% as widely expected. The BoE explicitly removed its tightening bias and signalled a shift to a more neutral stance on monetary policy. The reaction in EUR/GBP was muted with EUR/GBP set to end the day higher. As expected, the Bank of […]
10/06/2025

WTI: Oil Hits New Multi-Week High on Growing Optimism About US-China Trade Talks

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