Summary 11/4 – 11/8 – Action Forex

Monday, Nov 4, 2024 Tuesday, Nov 5, 2024 Wednesday, Nov 6 2024 Thursday, Nov 7, 2024 Friday, Nov 8, 2024
The post Summary 11/4 – 11/8 appeared first on Action Forex.

Monday, Nov 4, 2024 Tuesday, Nov 5, 2024 Wednesday, Nov 6 2024 Thursday, Nov 7, 2024 Friday, Nov 8, 2024
The post Summary 11/4 – 11/8 appeared first on Action Forex.
In a unanimous decision and as markets had expected, European Central Bank (ECB) members cut their key interest rates by 25 basis points effective October 23: The deposit rate is now down to 3.25% The main refinancing rate will dip to 3.40% The marginal lending facility rate will ease to 3.65% Link to ECB October…
The Japanese yen remains under pressure today due to weak domestic economic data. In February, Japan’s leading inflation indicator in the services sector rose by 3.0% year-over-year, slightly below the 3.1% increase recorded in January. This figure remains an important measure of inflation in Japan’s service sector. Coupled with the upbeat sentiment in equity markets,…
Introduction The foreign exchange markets are once again in the eye of a geopolitical storm as the USD/CAD currency pair gains momentum in the wake of renewed tariff threats from the Trump administration. With a critical deadline looming for the implementation of new trade tariffs against Canada, investors are repositioning portfolios, and forex traders are…
U.K. CPI eased to 3.0% year-on-year in January 2026, down from 3.4% in December last year. This marked its lowest reading in ten months, as lower fuel prices and cheaper airfares weighed heavily on the headline figure. On a monthly basis, CPI fell 0.5% in January 2026, compared with a decline of just 0.1% a…
Quick Overview Recent Performance: CVX surged by 58.03% in 24 hours, trading at $3.72 with a $177.86 million volume. Historical Trends: Rebounded 93.96% from its all-time low, but 93.86% below its all-time high. Market Position: Ranked 219th with a market cap of $299.24 million and a TVL of $1.31 billion. Price Influences: Significant volatility, speculative…
Tesla investors saw a glimmer of hope on Wednesday after reports suggested that Elon Musk could soon step down from his role in the Trump administration. The speculation fueled a 5% rebound in Tesla’s stock, which had earlier dropped as much as 6.4% due to disappointing first-quarter vehicle deliveries. While the White House dismissed the…