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Euro Zone inflation dropped to a 4-month low of 2.2%, increasing bets on an ECB rate cut in April. Uncertainty surrounds the inflation outlook due to potential US tariffs and the EU’s response. The DAX index faces a “precarious situation” technically, with potential for a correction ahead of tariff announcements. What is next for the […]

The post Euro Zone Inflation Drops to 4-Month Low, DAX Index Rises as Rate Cut Bets Intensify appeared first on Action Forex.

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06/06/2024

EUR/USD: Bulls Hold Grip Ahead of Key Event – ECB Policy Decision

The Euro edged higher on Thursday morning and partially reversed a two-day pullback from new multi-week high (1.0915), but today’s action was so far choppy and lacking direction, as traders await the verdict from the ECB later today. The European Central Bank policymakers meet today and widely expected to deliver the first rate cut by […]
16/09/2024

USD/JPY Falls to the Lowest in Over One Year After Violation of Key Supports

USDJPY fell to the lowest levels since July 2023 in early Monday trading as fresh acceleration lower broke pivotal supports at 140.77 (weekly cloud base) and 140.48/25 (Fibo 61.8% of 127.22/161.95 rally / Dec 28 low) and moved below psychological 140 support. The dollar remains under pressure on firm expectations for Fed rate cut this […]
22/11/2024

USD/JPY Awaits Potential Stimulus Impact

The USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures. Japan’s latest inflation data for October revealed a decline to 2.3%, marking the lowest level in nine months and potentially easing pressure on the Bank of Japan (BoJ) for immediate rate hikes. However, BoJ Governor Kazuo […]