Tag: Business
BOE Governor Bailey: Services Inflation Needs to Decrease Broadly | Forexlive
BOE Governor Andrew Bailey emphasized the need for a decrease in services inflation during a recent speech. He highlighted the importance of addressing inflation...
Spain October Services PMI Misses Expectations with a Reading of 54.9
In October, Spain's services sector experienced a slight weakening in growth momentum, with a PMI reading of 54.9, falling short of expectations set at...
Bitcoin Surges to All-Time High Amid U.S. Election Updates
Bitcoin has reached a new all-time high, surpassing the previous peak set on 14 March. The price of Bitcoin surged past $75,300 per coin,...
USDCAD Price Action Approaches Hourly Moving Averages
The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of...
BoJ Minutes: Yen Stabilization Allows Monitoring of Global Economic Risks
The Bank of Japan recently held a meeting in September where they discussed their monetary policy in light of global economic uncertainties. During the...
EURUSD Price Analysis: Buyers Pushing to New Highs Near Resistance Cluster
The EURUSD continues to rise, despite the release of stronger services ISM non-manufacturing data today. Employment numbers have increased, while new orders and prices...
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...
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...
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,...
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...