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In focus today In the US, we will receive the second revision of GDP final. We do not anticipate a significant impact on market movements. In the euro area, monetary aggregates and credit data will be released. As the ECB continues its active discussions on restrictiveness of monetary policy – pivotal for rate decisions – […]

The post Norges Bank Rate Decision on the Agenda appeared first on Action Forex.

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30/10/2024

USDCAD Rallies Near 22-Month Peak

USDCAD in massive bullish run this month MACD and RSI hold in overbought areas USDCAD added more than 3% so far this month, posting an incredible bullish rally with no notable bearish waves. The price is currently approaching the previous 22-month high of 1.3947 with the next resistance taking place at 1.3975, achieved in October […]
04/07/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from key support level 8130.00 Likely to rise to resistance level 8300.00, FTSE 100 index recently reversed up from the key support level 8130.00 (which has been steadily reversing the price from the end of April) – strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the […]
13/02/2024

NZD/USD Dips Despite Hawkish RBNZ

RBA’s Orr says high rates still needed New Zealand releases inflation Expectations on Tuesday The New Zealand dollar is lower on Monday. In  the European session, NZD/USD is trading at 0.6127, down 0.35%. The New Zealand dollar ended the week on a high note, gaining 0.86% against the US dollar on Friday. RBNZ’s Orr says […]