Logo-color Logo-white

Euro’s brief post-election rally faded quickly, as investors welcomed CDU/CSU’s victory but remained cautious due to lingering uncertainties around coalition formation and fiscal policy. While a relatively centrist government comprising CDU and the Social Democrats would provide stability, challenges surrounding the “debt brake” reform and defense spending continue to cloud the outlook. A coalition with […]

The post Euro Fades After Brief German Election Boost appeared first on Action Forex.

previous

Risk Aversion Returns as US Tariff Fears Resurface, Dollar Recovers Late

next

Dollar Rises Slightly After Trump Reaffirms March 4 Tariff Plans for Mexico and Canada

Read More

Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data
01/07/2024

Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data

Euro is staging a solid rebound today, with investors feeling somewhat reassured by the preliminary results of French parliamentary elections. While the far-right National Rally made significant gains with approximately 34% of votes in the first round, this is insufficient for an outright majority in the second round scheduled for July 7. The National Rally’s […]
Consolidation Persists Amid Indecision and Anticipation
14/03/2024

Consolidation Persists Amid Indecision and Anticipation

Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies are the stronger ones for the week, as led by Canadian Dollar, while Euro is also firm. Sterling and Swiss […]
End-of-Year Forex Market Lull; Bitcoin’s Prospects for Resurgence in 2024 Under Watch
29/12/2023

End-of-Year Forex Market Lull; Bitcoin’s Prospects for Resurgence in 2024 Under Watch

Trading activity is rather subdued in the last Asian session of the year. With no major economic events on the calendar for the day, trading is expected to remain quiet. Dollar is making an attempt to recover but continues to be the weakest performer for the week. It is followed by Euro and Sterling in […]