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US Weekly Initial Jobless Claims Beat Expectations, Decreasing to 227K
The latest data on initial jobless claims in the US shows that the numbers have beaten expectations, decreasing to 227K. This is a positive sign for the economy, as it indicates that fewer people...
Eurozone PMI Impact on Eurozone Currency Trends – Action Forex
On Thursday, S&P Global released preliminary estimates for the October PMI across major regions. In Europe, this data holds significant importance as it tends to impact market trends.The data from Europe showed a mixed...
Eurostoxx Futures Gain 0.1% in Early European Trading
Foreign exchange trading comes with a high level of risk that may not be suitable for everyone. It's important to be aware of the risks involved before deciding to trade in the foreign exchange...
Tesla’s Victory Boosts Nasdaq Futures – Latest Updates and Analysis
The past few days have been tough for investors due to US political uncertainties, geopolitical tensions in the Middle East, and expectations that the Federal Reserve (Fed) may slow down its monetary easing efforts....
Japan Flash PMIs for October: Manufacturing at 49.0, Services at 49.3 | Forexlive
The Japan Flash PMIs for October have been released, with the manufacturing sector at 49.0 and the services sector at 49.3. These numbers indicate a contraction in both sectors, as any reading below 50...
Eco Data Update: October 24, 2024 – Action Forex
The Eco Data Update for October 24, 2024, provides a snapshot of various economic indicators across different countries. Let's take a closer look at the data:In Australia, the Manufacturing PMI for October came in...
Nasdaq Eyes 200-Hour MA Support: Analysis and Outlook
The US stock market is experiencing a significant decline, with major indices showing downward trends. The Dow industrial average has dropped by 580.31 points, representing a decrease of 1.35% and settling at 42344. Similarly,...
ECB President Lagarde Happy with Inflation Progress, Monitoring Growth Impact – Action Forex
At an event held today, ECB President Christine Lagarde shared her satisfaction with the current inflation levels, noting that the central bank is pleased that inflation has dropped below the 2% target. Despite this...
Bank of Canada Decision and USD Soar: Economic Calendar Highlights
The USD/JPY currency pair has experienced a significant increase of 200 pips today, marking its fourth consecutive day of gains. This surge is a result of the foreign exchange market adjusting to a stronger...
GBPUSD Forecast: Will the Pound See Another Surge? – Action Forex
GBPUSD has been on a downward trend for the past four weeks, dropping below the 1.3000 mark and hitting a new low of 1.2943. Technical indicators show that there is still a strong selling...