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ECB Cut Fuels Appetite, Weighs on Euro – Action Forex
The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control, warned that there could be a temporary uptick, but the figures will be sustainably back to target by next year and that the Eurozone will…
The NZDUSD price loses the positive momentum – Forecast today – 31-12-2024 – ForexNews.PRO
The NZDUSD price bounced bearishly after the EMA50 formed solid resistance barrier against the price, to break the minor bullish channel’s support line that appears on the chart and gets negative motive that we expect to push the price to decline today, on its way to achieve negative targets that start at 0.5550$ and extend…
EUR/USD: Elliott wave analysis and forecast for 09.05.25 – 16.05.25 | LiteFinance
2025.05.09 2025.05.09 EUR/USD: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1380 with a target of 1.1055 – 1.0900. A sell signal: the price holds below 1.1380. Stop Loss: above 1.1420, Take Profit:…
Forex overview. US Dollar Holds Firm as Bears Lack Fuel From Weak Data – ForexNews.PRO
The US dollar is not marching higher on war drums or geopolitical tension this week; it is grinding firmer for a more mundane, but no less stubborn, reason: there simply isn’t enough bearish nourishment on the table to justify being short at this week’s opening levels. Traders who had hoped for a cascade of negative…
