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Canadian Inflation Analysis: BoC Rate Cut Impact – Action Forex
Canada's inflation report for October is set to be released soon, and all eyes are on it after it fell below the Bank of Canada's 2% target for the first time since 2021 in...
ForexLive European FX News Wrap: Dollar Momentum Cools at Week’s End
The dollar took a breather in European trading today after making strong gains earlier in the week. USD/JPY fell from around 156.20 to 155.21 before recovering to around 155.60. EUR/USD also rose from 1.0540...
December Rate Cut Uncertainty: Analysis by Fed’s Collins – Action Forex
Boston Federal Reserve President Susan Collins recently discussed the possibility of a rate cut in December in an interview with the Wall Street Journal. While she mentioned that a rate cut is definitely being...
Eurostoxx Futures Decline 0.6% in Early European Trading
Foreign exchange trading is a high-risk activity that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in foreign exchange...
UK GDP Shrinks in September; Q3 Growth Slows Sharply – Action Forex
The UK economy had a rough month in September, with a contraction of -0.1% compared to market expectations of 0.2% growth. The decline was mainly driven by decreases in manufacturing output and information and...
PBOC to Set USD/CNY Reference Rate at 7.2482 Today | Forexlive
Foreign exchange trading can be risky, and it may not be suitable for everyone. It's important to understand the risks involved and consider your investment objectives, experience level, and risk tolerance before trading. Keep...
Eco Data November 15, 2024: Impact on Forex Markets
On November 15, 2024, several economic indicators were released, impacting the forex markets. Let's take a closer look at some of the key data points.Starting with New Zealand, the Business NZ PMI for October...
Gold Price Outlook: Decline to Lowest Levels Since September | Forexlive
The gold market has been experiencing a decline recently, reaching its lowest levels since September. This drop in price comes after the initial uncertainty surrounding the US election was quickly resolved, causing gold to...
Ethereum Price Consolidates After Rally – Action Forex
Ethereum, the world's second-largest cryptocurrency, has experienced a period of consolidation after a recent rally. The price of Ethereum surged to a four-month high following Trump's win, but it failed to close above the...
ECB Accounts: Need More Time to Declare Victory on Inflation | Forexlive
The European Central Bank (ECB) has been closely monitoring the disinflationary process, which is progressing as expected. However, inflation rates in September fell below initial forecasts, indicating that the upside risks to inflation have...