Next week’s ECB meeting is set to be the formal end of ECB net asset purchases and a clear signal to hike rates in July, although without a specific guidance of the size of the first rate hike. We expect ECB net purchases to end on the 1 July, thereby in line with previous guidance […]
The post ECB Preview – Ready for Lift-Off appeared first on Action Forex.
Key Highlights EUR/USD corrected gains and tested the 1.1265 support zone. A connecting bearish trend line is forming with resistance at 1.1340 on the 4-hour chart. GBP/USD is consolidating gains near the 1.3300 level. Crude Read more…
Wow! What a rebound! To such enthusiasm, the cynic might add: “Yes, it’s pretty. It’s going to break soon.” Maybe even this week. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰💵 Why Read more…
Oil prices opened the week with a sharp gap lower, as traders responded to OPEC+’s weekend agreement to accelerate output increases for a second straight month. WTI crude is now heading back toward the four-year Read more…