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In focus today In the US, ADP’s October private sector employment report and flash Q3 GDP will be released in the afternoon. ADP’s figures could provide some early hints of what to expect from Friday’s key non-farm payrolls release. We expect that GDP expanded 2.5% on annualized q/q basis (Q2: 3.0%) largely driven by still […]

The post US and Euro Area Q3 GDP Releases Today appeared first on Action Forex.

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28/08/2024

Markets Poised for Nvidia Earnings

In focus today In Sweden, today’s foreign trade data for July will give some preliminary insight into Q3 activity. Riksbank vice governor Anna Breman gives a speech on climate and monetary policy at 13:00 CET. NVIDIA quarterly earnings are due tonight. The company, which moves up and down in the top 3 most valuable listed […]
17/07/2024

GBP/USD Outlook: Cable Rises Above 1.3000 and Hits New 2024 High

Cable surged through psychological 1.30 barrier and hit its highest in one year on Wednesday, after hotter than expected UK June inflation data tempered expectations for first BoE rate cut in next month policy meeting. Fresh strength after a two-day pause for consolidation signals continuation of broader uptrend however, close above 1.30 level is required […]
03/04/2024

All Eyes on Euro Area Inflation

In focus today In the US, March ADP private sector employment and ISM Services are due for release. Yesterday’s labour market data supported the notion of labour markets gradually becoming more balanced. Hence, it will be interesting to see if today’s data corroborates this view. In the euro area, today’s focus is on euro area […]