Tag: Eurozone economic outlook
ECB Preview: Anticipated 25bp Rate Cut – Action Forex
ECB Prepares for Anticipated Rate CutThe European Central Bank (ECB) is gearing up for what could be its fourth rate cut this year, with expectations running high for a 25 basis point (bp) reduction...
Temporary Dollar Dip vs. Intrinsic Euro Strength: Action Forex Analysis
The recent fluctuations in the Dollar Index have left many analysts puzzled, as the currency seems to be moving against fundamental forces. The DXY reached a high of 106.99 last Thursday, nearing the October...
ECB’s Panetta on Interest Rates: Possibility of Rates Going Below Neutral Levels
The European Central Bank's (ECB) board member, Fabio Panetta, recently discussed the possibility of interest rates going below neutral levels. This statement has sparked interest and concern among investors and financial experts.Panetta's remarks come...
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...
European Central Bank Rate Cut Path and Actions – Action Forex
European Central Bank Cuts Rates, Keeps Future Easing Options OpenThe European Central Bank (ECB), as widely expected, cut its Deposit Rate by 25 bps to 3.50% at today’s monetary policy announcement. In lowering interest...
Eurozone PMI Manufacturing Declines to 45.8, Adding Pressure on ECB
Eurozone’s manufacturing sector continues to face challenges as the PMI Manufacturing index remains at a low of 45.8 in August, unchanged from the previous month. This marks the third consecutive month of decline, indicating...
EUR/USD Weekly Forecast: Analysis and Predictions for Forex Traders
EUR/USD Weekly Forecast: Analysis and Predictions for Forex TradersThe EUR/USD pair experienced a pullback from the 1.1200 level last week, leading to a lower extension in its price movement. As we look ahead to...