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Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average of 20.8. Some signs of a reversal can be found in […]

The post Economic Sentiment in Germany Is Improving but Slowly appeared first on Action Forex.

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05/03/2024

Bitcoin Will Have to Settle Here

Market picture The cryptocurrency market hit new highs on Monday, reaching a capitalisation of $2.5 trillion. Profit-taking was evident at the start of the active trading session in Asia on Tuesday. But before this, the market lacked enthusiasm. Bitcoin peaked at $68,789, just $122 below its historical high. This is before the halving and before […]
18/12/2023

Last Lap to Christmas

In focus today Christmas week is rather light in terms of data releases. Today, we get the latest signals from the German economy in the form of the Ifo index. Consensus is looking for a slight improvement in business climate in December but risks remain to the downside particularly as the flash PMIs confirmed on […]
17/09/2024

Could BoE Surprise With a Rate Cut on Thursday?

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining […]