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US Manufacturing PMI Drops to 46.5, Prices Surge – Action Forex
The US manufacturing sector experienced a decline in October, with the ISM Manufacturing PMI dropping from 47.2 to 46.5. This was below the expected 47.6 and marked the lowest level since July 2023. It...
Switzerland Manufacturing PMI for October: 49.9 (vs. 49.8 expected)
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It involves leverage which can increase the level of risk and potential loss. Before engaging in foreign exchange trading,...
WTI Crude Oil Price Analysis: Bearish Gap Recovery – Action Forex
WTI crude oil prices have shown a positive recovery after a bearish gap, reaching a critical level near the downtrend line at around 71.00. This increase of over 6% in the past few days...
Forex Market: FX Option Expiries on 01/11/2024 at 10am NY Cut
Foreign exchange trading can be risky, especially with the use of leverage which can expose you to more losses. Before jumping into forex trading, make sure to assess your investment goals, experience level, and...
Sterling Falls as Market Uncertainty Surrounds Reeves’ Budget – Action Forex
Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in 10-year government bond prices and the FTSE. Critics of the...
Bank of Japan Governor Ueda Hints at Main Obstacle to Rate Hikes
Bank of Japan Governor Ueda recently spoke about the challenges that could hinder future rate hikes in Japan. He mentioned the need to carefully assess market risks before making any decisions. Governor Ueda highlighted...
Gold and Dollar: Safe-Haven Retreats – A Comprehensive Analysis
The dollar index recently saw a correction following four weeks of consecutive gains. This is a common occurrence when national currencies and bond markets face pressure ahead of important elections. While the dollar is...
US PCE Report: Analyzing Forecast Distribution for Traders | Forexlive
The US PCE Report provides valuable insights for traders looking to understand market reactions based on forecast distributions. The ranges of estimates play a crucial role in determining market responses, as any deviation from...
ECB’s Panetta Urges Easing Amid Inflation Decline and Economic Weakness – Action Forex
Italian ECB Governing Council member Fabio Panetta recently spoke about the importance of easing monetary conditions in the Eurozone due to concerns about economic weakness and declining inflation. He emphasized the need to address...
European Inflation Data Takes Center Stage Today | Forexlive
Major currencies are mostly steady at the moment, with the Japanese yen being the only one showing some movement as we transition from Asia to Europe. Following the BOJ policy decision where rates were...