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ISM Services Index Reaches 27-Month High in October
The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...
US Trade Deficit Widens Slightly in September to $84.4 Billion
In September, the US trade deficit widened slightly to $84.4 billion, compared to the prior deficit of $70.4 billion. The increase in the deficit was primarily driven by a rush to import items ahead...
EUR/USD Forecast: Mid-Day Analysis and Outlook – Action Forex
The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...
European Equities Stagnant at Market Open | Forexlive
European equities showed little movement at the market open today, indicating a sense of stagnation in the market. Investors are advised to proceed with caution as trading in foreign exchange carries a high level...
US 500 Index Short-Term Recovery – Action Forex
The US 500 index has shown signs of a short-term recovery as it bounced off the 50-day SMA and the 5,720 support level. However, technical indicators like RSI and MACD are indicating weakening momentum.Currently,...
GBP Outlook: Rate Cuts vs. Fiscal Confidence – Cross Currents | Forexlive
The Bank of England's upcoming decision on interest rates is expected to have a significant impact on the value of the British Pound (GBP). According to MUFG, the slower pace of interest rate cuts...
China’s Caixin PMI Composite Rises to 51.9, Policy Impact Shows – Action Forex
China's Caixin Services PMI saw a significant rise to 52.0 in October, surpassing expectations and showing the highest rate of growth in three months. This growth is part of a continued expansion trend that...
Credit Agricole: November RBA Meeting Expectations | Forexlive
Credit Agricole is predicting that the Reserve Bank of Australia (RBA) will keep interest rates steady during the upcoming meeting. This decision is based on the fact that Australian inflation and economic activity data...
Sunset Market Analysis: Latest Updates and Trends on Action Forex
The US presidential election polls continue to dominate discussions in the market, causing some volatility in trading sessions. Last week, Trump's lead in prediction models was diminished by swing-state polls, resulting in both candidates...
Oil Prices Surge to One-Week High After OPEC+ Delay | Forexlive
Oil prices surged to a one-week high after OPEC+ decided to extend voluntary production curbs for another month. This decision caused oil to gap 80 cents higher at the Asian open and continue its...