Tag: Economic data analysis
Gold price reaches new high in early Asia trade on October 21, 2024
Gold prices surged to a new high in early Asia trade on October 21, 2024. This increase in gold prices has caught the attention...
ECB Rate Cut Review: Implications and Outlook – Action Forex
Today, the European Central Bank (ECB) announced its third rate cut of the year, bringing the deposit rate to 3.25%. This decision was in...
EUR/USD Three-Week Low: ECB Easing Expectations – Forex Market Update
The EUR/USD pair has dropped to 1.1027, hitting a three-week low due to expectations of the European Central Bank (ECB) continuing to ease monetary...
USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report
The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with...
US Services Sector Sees Growth Surge in September – Action Forex
The US services sector experienced a significant surge in growth during the month of September, according to the latest ISM Services index. The index...
Ignoring Recession Signals: Why Some Economists Are Not Concerned
Ignoring Recession Signals: Why Some Economists Are Not ConcernedRecession signals have been flashing recently, alarming market watchers and causing economists to ponder what, if...
German ZEW Economic Sentiment Falls to 19.2, Signaling Decline – Action Forex
Germany’s ZEW Economic Sentiment index experienced a significant drop in August, plummeting from 41.8 to 19.2, which is well below the anticipated 30.6. This...
Eco Data Calendar 8/12/24 – Actionable Insights for Forex Traders
ActionForex.com has been a trusted source of insightful analysis for forex traders since 2004. Our goal has always been to empower individual traders with...