Logo-color Logo-white

Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone’s producer price index rose 0.8% in July after rising 0.6% in the previous month. Prices are still lower year-on-year for the fifteenth month, with a reading of -2.1% after -3.3% the previous month. Nevertheless, the jump over the past two months […]

The post A Jump in Eurozone PPI Won’t Stop ECB Easing appeared first on Action Forex.

previous

Canadian Dollar Steady Ahead of BoC Decision

next

Bank of Canada Cuts Rates Again, Signals More to Come

Read More

03/06/2024

Focus on EMU Side Turns to Thursday’s ECB Meeting

Markets US Treasuries closed near Friday’s best levels on slightly softer April spending figures and a slower (but in line with forecasts) core PCE deflator pace. Daily changes on the US yield curve ranged between -6 bps (5-yr) and -3 bps (30-yr). This contrasted with yield increases of up to 2.5 bps (3-yr) in Germany […]
01/05/2024

AUD/USD Stabilizes After Taking a Tumble, Fed Next

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly revised 0.2% gain in February and […]
06/06/2024

Crypto Takes its Time

Market picture The cryptocurrency market decided to storm the local highs set almost two months ago. However, the growth has not yet developed, and some players rushed to fix profits quickly despite the positive sentiment in the US stock markets. Bitcoin is trading near $71K, where it was a day ago, but Ethereum (+1%) has […]