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Bears Eye Break Below Daily Cloud Base in Cable Consolidation – Action Forex
Cable, which refers to the British Pound against the US Dollar, is currently in a consolidation phase around the key support level of 1.30. This consolidation comes after a recent drop, giving the bears...
Euro Stoxx Futures Rise Slightly in Early European Trading
Euro Stoxx futures saw a slight increase in early European trading, indicating a positive start for the day. However, it is important to note that foreign exchange trading comes with high risks that may...
US Election Risks Leave Aussie Unsettled – Forex Market Analysis
AUD/USD is starting the week on shaky ground, trading at its lowest levels in over five weeks in the mid-0.66s. This week's economic calendar is relatively light on both local and international fronts. However,...
USD/JPY Rises Above 150: Verbal Intervention Threat
Mizuho mentioned in their weekly outlook that there is a threat of verbal intervention as USD/JPY rises above 150. This is definitely something to pay attention to today, especially since USD/JPY has increased by...
Eco Data Forecast for October 22, 2024 – Action Forex
On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...
Kashkari: Inflation Not Caused by Labor Markets | Forexlive Analysis
Federal Reserve official Neel Kashkari recently made some interesting points during a discussion. He mentioned that inflation is not caused by the labor market, which goes against the common belief. He also highlighted the...
UK’s Consumption Puzzle and Monetary Easing: Insights from BoE’s Greene
In a recent article for the Financial Times, Megan Greene, a member of the BoE's MPC, shed light on the challenges surrounding the UK's consumption trends, labeling it a "consumption conundrum." Despite the fact...
Forex Market Update: Dollar Strong, Gold Continues Rally in Quiet Trading | Forexlive
The forex market saw some interesting movements in the latest session. The dollar held steady, while gold continued its rally. Here's a weekly update on interest rate expectations and some key comments from ECB...
ECB’s Kazimir: Disinflation Progress Encouraging, More Evidence Required
ECB Governing Council member Peter Kazimir shared his thoughts on the current disinflation progress in a recent blog post. According to Kazimir, the trend towards lower inflation is looking positive and stable.He mentioned that...
Germany September Producer Price Index (PPI) Report: -0.5% vs -0.2% Expected
The Producer Price Index (PPI) report for Germany in September showed a decrease of 0.5%, which was lower than the expected 0.2% decrease. This indicates a potential slowdown in the economy and may have...