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Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April/construction and manufacturing output fell sharply) as traders await release of US CPI data and signals from Fed at the end of two day policy meeting. US inflation is expected to ease while […]

The post GBP/USD: Cable Remains Constructive Despite Weak UK GDP Numbers, All Eyes on US CPI/Fed appeared first on Action Forex.

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30/08/2024

EMU August Flash CPI Probably Will Confirm Yesterday Trends from Germany and Spain

Markets Fixed income and FX markets yesterday had to cope with a divergent message from EMU and US data. German and Spanish August headline inflation slowed more than expected (German HICP -0.2% M/M and 2.0% from 2.6% vs 2.2% expected, Spain 0.0% M/M and 2.4% Y/Y from 2.9%). This provides some comfort for the ECB […]
15/04/2024

Euro Ends Slide as Industrial Production Rebounds

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16/04/2024

Frightened Crypto Market Chooses a Path

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