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The Swiss National Bank met expectations by cutting its key interest rate by 0.25 percentage points to 1.0%, slowing the pace of the move to normalisation after two cuts of 0.50 percentage points each in March and June. The central bank warned of further rate cuts in the coming quarters. In a commentary, the SNB […]

The post SNB Failed to Surprise With Rate Cut and Unlikely to Weaken Franc appeared first on Action Forex.

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23/10/2024

EURUSD Unlocks 1.0800 Critical Level

EURUSD dived beneath medium-term uptrend line Remains well below 200-day SMA Momentum oscillators extend bearish bias EURUSD tumbled beneath the medium-term ascending trend line, meeting a fresh almost three-month low below the 1.0800 round number. The pair lost 3.8% from the pullback at the 1.1215 resistance level, with the technical oscillators extending their negative momentum. […]
27/12/2023

EURUSD Edges Higher, Tests Key Resistance Area

EURUSD edges higher again today, makes higher high It tests the resistance set by a key area, north of 1.1032 Momentum indicators support the current bullish move EURUSD is trying to record its fourth consecutive green candle as it has entered the 1.1032-1.1095 area. This is a key resistance area, which has been making the […]
24/10/2024

EURJPY: Trade Projection

The EURJPY pair hit a new 14-week high near 164.50 during the European session on Wednesday. This rise comes even as some European Central Bank (ECB) officials hint that the Deposit Facility Rate, currently at 3.25%, might drop below neutral levels due to worries about low economic growth in the Eurozone. Officials believe inflation could […]