Logo-color Logo-white

Eurozone, German Service PMI ease in December Euro snaps four-day rally The euro has snapped a four-day winning streak on Friday. In the European session, EUR/USD is trading at 1.0949, down 0.38%. The euro has enjoyed a strong week, with gains of 1.77%. Soft Eurozone, German services PMIs weigh on euro Eurozone Services PMI eased […]

The post Euro Dips on Soft Services PMI appeared first on Action Forex.

previous

AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally

next

British Pound Steady after Mmixed PMIs

Read More

01/12/2023

Are Equity Bulls Too Tired to Continue Running?

Here we are, saying thanks and goodbye to the excellent month of November for both bond and equity markets. US bonds rallied, and the bond yields melted starting from the end of October remember, and the melting bond yields offered to the S&P500 one of its biggest gains for a month of November. The index […]
30/11/2023

Canadian GDP declined in Q3

The pull-back in GDP in Q3 (-1.1% annualized) was substantially softer than expected, although following an upwardly revised 1.4% gain (previously -0.2%) in Q2. Still, the details of the Q3 data were soft – GDP would have declined a larger 3% in the quarter without a 7.3% jump in government spending. Business investment pulled back […]
28/06/2024

Eurozone CPI Report: Further Noise or a Proper Signal to Cut Rates Again?

ECB members disagree about the rates outlook Key data releases including the June CPI figures A soft inflation report is unlikely to result in a dovish July ECB meeting Political risks keep the euro under pressure The ECB hawks are clearly upset It has been three weeks since the first ECB rate cut, and the […]