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Will ECB policymakers leave the door open to a March rate cut? UK data eyed amid division at the BoE Eurozone GDP may leave bloc on the brink of recession The eurozone appears to have avoided a recession at the end of last year but it may have simply been delayed. GDP data for the […]

The post Week Ahead Europe – A Big UK Data Drop, ECB Speakers and Eurozone GDP appeared first on Action Forex.

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16/09/2024

Gold Flies to Fresh All-Time High Near 2,600

Gold posts bullish days Prices find support at 20-day SMA MACD and RSI in positive areas Gold prices are skyrocketing to another fresh all-time high today around 2,589.40 with the next major obstacle coming from the 2,600 round number. The price has recorded an aggressive buying interest over the last couple of days after the […]
06/08/2024

RBA on Hold, But Hawkish Amongst Market Whiplash

The RBA left rates on hold in August as we expected, but their rhetoric and view of aggregate demand were surprisingly hawkish. Given the Board apparently does not see its way to cutting rates this year, our expectation of a November rate cut is unlikely to be achieved. Our rate forecasts are under review while […]
08/05/2024

EURUSD at Equilibrium, Where Will It Go Next?

The single currency is trading near $1.076, waiting for further cues and facing serious resistance in its attempt to consolidate above 1.08 on Friday. On Friday, EURUSD’s growth accelerated against the trend of the previous three weeks on negative US labour market data for the dollar. However, the attempts of the bulls in the pair […]