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In focus today Focus is on the German inflation data for September. Last week both the French and the Spanish inflation prints came in lower than expected and it will be very interesting to see if this is echoed in the German data. Focus for the remainder of the week will primarily be on the […]

The post An Eventful Week Ahead appeared first on Action Forex.

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USD/JPY Analysis: The Yen Strengthens by Over 2.8% in One Day

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18/11/2024

Sunset Market Commentary

Markets The week started off with some Bund underperformance, both vs US Treasuries and UK gilts. With the front end adding up to 7 bps, European money markets are slightly paring bets on ECB rate cuts. The terminal rate in the recent repricing was brought down to less than 2%. Such a supportive monetary policy […]
28/12/2023

Crude Oil Price Recovery Could Gather Pace Above $76

Key Highlights Crude oil prices started a recovery wave from the $67.70 zone. A key rising channel is forming with support near $73.80 on the 4-hour chart. Gold prices also gained pace and climbed above the $2,065 resistance. EUR/USD surged above the 1.1040 resistance zone. Crude Oil Price Technical Analysis In the past few days, […]
10/07/2024

Weak Inflation in China Clears the Way for Global Easing

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the past 20 months since October 2022. China is once again spreading deflation around the world, […]