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ECB is expected to trim rates, but the BoC might pause this time. CPI data also in the spotlight; due in UK, Canada, New Zealand and Japan. Retail sales the main release in the United States. China GDP eyed as Beijing not spared by Trump. ECB puts rate pause on the back burner The European […]

The post Week ahead – ECB set to cut, BoC might pause as Trump U-turns on tariffs [Video] appeared first on Action Forex.

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03/02/2025

Greenback Surges, Dragging EUR/USD Lower at Market Open

Key Highlights EUR/USD declined heavily and opened lower below 1.0320. It traded below a key bullish trend line with support at 1.0370 on the 4-hour chart. Bitcoin and Ethereum declined heavily and the greenback rallied. GBP/USD also declined and traded below the 1.2300 level. EUR/USD Technical Analysis The Euro started another decline from the 1.0530 […]
09/09/2024

EURUSD Wave Analysis

EURUSD reversed from support level 1.1030 Likely to rise to resistance level 1.1200 EURUSD recently reversed up from the support level 1.1030 (former resistance from August, acting as the support after it was broken by the previous impulse wave iii). The upward reversal from the support level 1.1030 created the daily Japanese candlesticks reversal pattern […]
07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]