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Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers have continued to push back against talk of rate cuts, the questions will be impossible to ignore now with markets pricing in one in April and at least four in total […]

The post Eurozone Disinflation Accelerates as Markets Price in April Rate Cut appeared first on Action Forex.

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01/04/2024

Bitcoin Sets the Stage for Growth

Market picture The crypto market capitalisation fell to $2.63 trillion. – the bottom of the range for the week. The top coins have moved without momentum over the past 24 hours, with losses for BTC (-0.9%), Ethereum (-1.9%) and BNB (-3%), but gains for Solana (1.4%), Dogecoin (+0.5%) and Toncoin (+2%). Bitcoin was once again […]
07/12/2023

Hang Seng Index Technical: Entrenched in a Downward Spiral

China’s negative import growth in November suggests a sticky weak domestic demand environment. China and Hong Kong stock markets have failed to reignite bullish animal spirits despite the weakening trend seen in the US 10-year Treasury yield in the past month. Hang Seng Index now faces a potential major bearish breakdown that may retest the […]
04/09/2024

WTI Oil Futures Test Critical Support

WTI oil futures seek buyers around strong support trendline near 69.00 Short-term bias remains bearish; a bounce above 74.00 is needed WTI oil futures edged up to 71.44 on news that OPEC members are discussing a potential delay in a planned output hike in October. Technically, the price rotated higher after marking a nine-month low […]