Tag: Eurozone economy
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...
ECB’s Rehn Warns of Weakened Growth Outlook and Rising Deflationary Pressure
The European Central Bank (ECB) has issued a warning regarding the weakened growth outlook and rising deflationary pressure in the economy. This caution comes from Olli Rehn, a member of the ECB's Governing Council.Rehn...
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 policy. This decision is driven by slow economic growth and...
GBP/USD Market Analysis: Dive vs. EUR/GBP Strength – Action Forex
GBP/USD has started a fresh decline from the 1.2860 resistance zone, indicating bearish signs below the 1.2800 support level. On the hourly chart of GBP/USD at FXOpen, there is a key bearish trend line...