Logo-color Logo-white

Germany’s business climate Germany’s business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of decline, but better than the forecast of 86.0. Both the expectations and components of the current conditions fell. This is potentially negative news for the single […]

The post Germany’s Weakening Business Climate Cooled But Unlikely to Turn Euro Around appeared first on Action Forex.

previous

Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike

next

Yen Soars as Powell Signals Rate Cuts on the Way

Read More

20/01/2024

Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December

Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported a loss of 0.2% in November, reversing course from last month’s robust 1.0% m/m […]
10/07/2024

GBPUSD Wave Analysis

GBPUSD reversed from the long-term resistance level 1.2850 Likely to fall to support level 1.2725 GBPUSD currency pair is under bearish pressure after the earlier downward reversal from the long-term resistance level 1.2850, which has been reversing the price from the start of March. The downward reversal from the resistance level 1.2850 created the daily […]
07/06/2024

Euro Shrugs as ECB Lowers Rates to 3.75%

The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB pressed the rate-cut trigger on Thursday […]