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In focus today In the euro area, we will get the full euro area inflation print for November, after the local prints yesterday. In the light of yesterday’s local prints, we expect euro area inflation to come in at 2.2%, a bit lower than the 2.3% indicated beforehand. German CPI inflation increased less than expected […]

The post Euro Area Inflation Out Today appeared first on Action Forex.

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EURGBP Seeks Protection Near 0.8300

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04/12/2024

EUR/USD Hugs 1.0500 Ahead of French No-Confidence Vote, Breakout Incoming?

EUR/USD hovers near 1.0500 as traders await the outcome of the French no-confidence vote. ECB policymakers suggest a 25 bps rate cut is likely in December. Technical analysis indicates key support and resistance levels for EUR/USD. The 1.0500 continues to serve as a magnet for EUR/USD with the pair moving higher or lower for brief […]
05/01/2024

USD/JPY: The Price Reaches Resistance at 145 Yen per US Dollar

As of Friday morning, the situation on the USD/JPY market deserves attention: → the US dollar is on course to demonstrate its strongest week since July 2023. The media writes that markets are adjusting expectations regarding the easing of monetary policy by the Fed. → The yen fell about 3% against the US dollar in […]
22/03/2024

Sunset Market Commentary

Markets The EMU economy came close to stabilizing in March with price pressures easing. The composite PMI recovered slightly more than hoped, from 49.2 to 49.9 (vs 49.7 consensus), matching the best (least bad) outcome since June of last year. Divergence between a weak export-oriented manufacturing sector (45.7 from 46.5) and a recovering domestic services […]