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Markets Rassemblement National’s Le Pen in interview with Bloomberg caused a sigh of relief across markets. After supporting the motion of no confidence that brought down the Barnier government, she’s opened up to any new Prime Minister as long as he/she presents a budget that pencils in a “reasonable trajectory” to bring down outsized deficits. […]

The post Signs Growing Euro Area Markets Nearing Peak Pessimism appeared first on Action Forex.

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14/05/2024

Everybody is Fed-Dependent

The major indices in Europe and the US across traded rangebound near their ATH levels and the US dollar index fluctuated a touch above the 105 level ahead of the US and European inflation updates that will start flowing in today. The major story of Monday was a renewed rally in Gamestop and AMC shares […]
09/08/2024

GBPJPY Climb Continues

GBPJPY is edging higher today, recording another green session It remains around 10% below its recent peak Momentum indicators acknowledge this bullish reaction GBPJPY is edging higher again today, recording its third consecutive green candle and recovering by around 4% above its August 5 low. The market has settled down a bit following the recent rout, […]
18/06/2024

U.S. Retail Sales Eked Out a Gain in May 

Retail sales rose 0.1% for the month of May. Additionally, April’s figure was revised downward to -0.2% month/month (previously flat). The reading was lower than the consensus forecast calling for an increase of 0.3%. Trade in the auto sector was up 0.8% m/m, reflecting increases both at motor vehicle dealers (0.8%), and automotive parts and […]