Tag: Economic indicators
Canadian Inflation Analysis: BoC Rate Cut Impact – Action Forex
Canada's inflation report for October is set to be released soon, and all eyes are on it after it fell below the Bank of Canada's 2% target for the first time since 2021 in...
Eco Data November 15, 2024: Impact on Forex Markets
On November 15, 2024, several economic indicators were released, impacting the forex markets. Let's take a closer look at some of the key data points.Starting with New Zealand, the Business NZ PMI for October...
AUD/USD Stabilizes, Traders Await Economic Signals – Forex Market Update
The AUD/USD pair started the week on a stable note, trading around 0.6590 after experiencing a notable drop last Friday due to concerns about China's economic stimulus measures. Investors were left wanting more details...
BOJ Rate Hike Timing Debate Boosts USD/JPY – Forexlive
The Bank of Japan recently released a summary of their October meeting, sparking a debate on the timing of a potential rate hike. According to Reuters, the Summary revealed that there is a division...
Forexlive Weekly Market Outlook: 11-15 November
Next week is packed with important economic events that could impact the global markets. On Monday, the Bank of Japan will release its Summary of Opinions. Tuesday will bring key reports including the UK...
Russell 2000 Weekly Gain Largest Since 2000: US Stock Markets Hit Record Highs
The US stock markets saw significant gains this week, with the Russell 2000 index experiencing its largest weekly increase since 2000. This surge in stock prices was fueled by a variety of factors, including...
China October CPI Data Shows Slight YoY Increase, Deflation Concerns Remain
China's October Consumer Price Index (CPI) data was released, showing a slight year-on-year increase of 0.3%. This is lower than the 0.4% reported in September and below the expectations of economists, who had predicted...
BOE’s Policy and Rate Cuts: Impact of Disinflation on Forex Trading
The recent news from the Bank of England (BOE) regarding their policy and potential rate cuts has been causing a stir in the forex trading market. Analysts are closely examining various factors such as...
October CPI Preview: Disinflation Challenges Ahead – Action Forex
The October Consumer Price Index is expected to show slow progress in reducing inflation. The headline CPI is projected to have increased by 0.2% in October, bringing the 12-month change in consumer prices to...
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 57.0. However, this reading is still considered solid overall. Sales...
